This is big step forward for XRPL ecosystem
This partnership will allow interaction by enabling seamless value transfer between XRPL and other supported networks such as SEPA, SWIFT, Bitcoin and Ethereum., the collaboration between XRPL Labs and GateHub adds on/off ramps for 14 assets, including BTC, ETH, LTC, WXRP, GALA and FLR.
The news was met with excitement in the XRP community. Enej Pungerčar, founder and CEO of Gatehub, cheered the partnership on the X platform, stating that the move would make it easier to transfer funds in and out of XRPL. Wietse Wind, an XRPL developer, also took to X to cheer the development, highlighting the speed of transactions.Last month, Xumm added Topper, an innovation by Uphold, a development that was cheered by the XRP and broader crypto communities.
The integration offers a new fiat-to-crypto on-ramp, which is especially beneficial as transactions settle into commonly used currencies such as USD, EUR, or GBP and then into XRP.
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