The leaders of Ripple's figures can not be the only ones to launch and insist that XRP is a utility. Aside from the many payment service providers around the world who see value in XRP, coins.ph, a popular cryptographic payment platform in the Philippines is another vendor that finds XRP irresistible. With over five million customers in the Philippines, Coins.ph is adding XRP which means their customers can regulate their bills using XRP instead of fiat.
Coins.ph is a Philippine-based cryptocurrency platform launched in 2014. Two years after Ripple, the company was incorporated and two years after the birth of the XRP. As such, they are among the first believers of cryptocurrency to justify their broad customer base.
More about Coins.ph
According to statistics, Coins.ph has five million customers but by 2020, the company plans to get on board 20 millions of customers stimulated mainly by the influence of XRP, the third most precious cryptocurrency in the world. In addition to the XRP, now available on the Android version of the mobile version of Coins.ph, the platform allows customers to pay bills using Bitcoin (BTC), Bitcoin Cash (BCH) and Ethereum (ETH).
Exchanges and funds attracted by XRP
Of course, news of this type of development is encouraging for XRP investors who have to deal with a strong sales pressure that brings the value of XRP from $ 3.2 at the start of this year at 30 cents at the time of printing. This is a decline in the value of 80 percent in an eight month interval.
However, on the positive side of things and complementary to the developments that draw value since Wirex offers support for XRP and most of the exchanges like DCEX which bases their trading resources available in XRP , the company behind RTXCP and xRapid using XRP are readjusting and decentralizing accordingly. This is obviously a huge advantage. Remember, trades are also following, and more recently, Mike Arrington, the founder of TechCrunch and Arrington XRP Capital, recognizes the benefits of using XRP.