The payment giant Mastercard’s signs of integration with the popular Xumm wallet, developed by a leading developer, has excited XRP investors and enthusiasts. It appears that the popular altcoin XRP is preparing for a major update that could pave the way for Mastercard integration.
As an important development for the XRP community, Wietse Wind, the key figure behind XRPL Labs and the main developer of the widely used XRP wallet Xumm, hinted that they are working on a significant update. The focus of Wind’s announcement is the release of the Tangem NFC hardware wallet integrated with Xumm. This hardware wallet allows for placing orders without full verification, including access to account balances and additionally preloaded cards with $50 worth of XRP.
However, this is not the only development that has excited the XRP world. In response to questions from followers, Wind revealed that they are actively working on a feature that would significantly open doors, such as integration with prepaid Mastercard branded cards. This anticipated update, expected to be released soon, will offer users the flexibility of debit card usage along with self-custody convenience through XRPL Hooks with custom ledger limits.
Responding to a follower’s question about possible transaction fees for the prepaid debit card feature, Wind shed light on the complexities of integrating traditional financial systems with the crypto world. Wind acknowledged that due to business models, credit/debit card fees are inevitable.
Wind also addressed users’ concerns about tax implications and highlighted differences in tax policy across jurisdictions. Steering clear of specific advice, Wind suggested that users seek expert support to navigate the complexities surrounding the taxation of cryptocurrencies.
Under the intriguing hints from the developer, the innovative update for the XRP wallet seems ready to seamlessly bring together the traditional finance and crypto worlds.
