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XRP, XLM Are Among 5 Coins Added to Coinbase Crypto Debit Card

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  • Yuri Molchan
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    Coinbase Card adds XRP, XLM and other three altcoins, expanding the crypto debit card’s utility to ten new countries

XRP, XLM Are Among 5 Coins Added to Coinbase Crypto Debit Card
Cover image via www.coinbase.com
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Crypto adoption is getting wider and wider and now Mashable reports that one of the biggest crypto exchanges, Coinbase, has added five new coins to its crypto debit card. Among them are XRP and XLM.

Nine coins, new countries

Coinbase Card has expanded to ten new countries and is rolling out five new coins on it – XRP, XLM, REP, BAT and ZRX. Previously, the card only offered its users a chance to pay with just four top currencies – BTC, LTC, BCH and ETH. Now, the total number of supported assets has expanded.

The chief of marketing at Coinbase UK, JD Millwood, says:

"Since launching earlier this year, Coinbase Card has helped tens of thousands of users spend their crypto as easily as the money in their bank accounts. With Christmas approaching, the demand for Coinbase Card will be will higher than ever." 

The Coinbase crypto card has expanded to new countries. Among them are Denmark, Norway, Iceland, Hungary and other countries of Scandinavia and the former USSR.

Besides, the card can be used everywhere in the EU, except for Malta and the Czech Republic.

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Similar cards launched by crypto platforms

Earlier, U.Today reported about similar products brought out to the market by other crypto companies. Among them is the GRID X BitTorrent card that allows storing and spending TRX and BTT tokens.

Also, the Litecoin Foundation spread the word that in Q4 this year, they would launch an LTC debit card – the BlockCard – along with their partner Ternio.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Ripple Once Again Tries to Toss Class-Action Lawsuit, Insists XRP Is Not a Security

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  • Alex Dovbnya
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    Ripple makes a final push to dismiss the damning class-action lawsuit ahead of a court hearing that is scheduled for January 2020

Ripple Once Again Tries to Toss Class-Action Lawsuit, Insists XRP Is Not a Security
Cover image via 123rf.com

Ripple has once once again asked a federal court to dismiss the pending class-action lawsuit over selling illegal securities, a new court filing shows.

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The company reiterates the same "statue of repose" argument, which means that the plaintiffs failed to meet a legal deadline for filing the suit. Ripple started selling XRP to retail investors back in 2013, which means that it was way too late to bring legal actions against it back in summer 2018 after a bar to a lawsuit was imposed in 2016.    

The blockchain behemoth also continues to insist that XRP is not a security, but it called this issue "irrelevant" to their latest motion, which is why it didn't address this point in-depth. It's not the first time that Ripple tries to dodge the big question that is the cornerstone of the long-lasting legal battle. 

"XRP is not a security, but that is irrelevant for purposes of this motion. Even if XRP were a security, Plaintiff's claims still fail as a matter of law,” the filing said.   

Ripple's previous attempt to throw the suit out of the court didn't bode well. As reported by U.Today, Bradley Sostack, the leading plaintiff in the ongoing case, believes that the defendants are still liable for selling illegal securities. The parties are expected to duke it out in court in January 2020.  

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XRP's status as a security remains a point of contention within the cryptocurrency industry. Crypto influencer BitLord recently slammed Ripple for dumping their native tokens on investors to acquire businesses.    

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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