You can now send money to any user with a Coinbase account around the world using XRP or USDC. By using currencies that are optimised for cross-border transmission, you can send and receive money virtually instantly by sending those cryptocurrencies and having the recipient convert them into local currency. There’s zero fee for sending to other Coinbase users and a nominal on-chain network fee for sending outside of Coinbase.
Coinbase launched into the April fools with a statement that shocked Ripplers. The quote throws the community into an uproar on the consensus if it was an April fools joke. This is shortly after the April Fools Joke approving Bitcoin’s ETFs as that is an entire blog post in itself bringing a surprise to many as the speculations grow into the new month.
Despite the news over-populating into the new month, the question remains as to whether statements that are made causing the sudden spikes. The international payments that are being perceived as Ripple and Coinbase partnerships are highlighting the confusion that is rising. The confusion is the relation to Coinbase becoming an xRapid partner. Let us put it straight for everyone.
There is currently no proof of the partnership
The deployment of international payments was the confusion in the messaging. They are advertising you can send XRP between coinbase wallets and if the receiving party can then change their XRP into fiat currency. This messaging is fascinating when you are considering nothing has changed yet it is being perceived as big news. Despite the unclear messaging, the highlight between the three options in the messaging campaign, allows XRP to be compared to two other methods of transfer.
What does this mean?
The chart is currently being shown to customers on Coinbase of the benefits of XRP amongst two other options. They are currently streamlining to their customers the choice of XRP as a way to transfer money. This is huge for XRP if it is utilised in not only methods of transferring amongst wallets but it is also providing a use case of XRP as a resolution for remittance globally.