What is XUMM?
The Launch of Xumm
The demand for revised technology is growing by the day and particularly in the banking sector. People want to carry out transactions right from the comfort of their locations. This is the reason why XRPL Labs has launched a banking application app; Xumm, which makes use of Ripple’s native token known as XRP. This application, which has attracted close to 3,700 active users since the time of this writing allows them to access contact information, Fiat currency management, and transaction tracking among other traditional banking services.
Wietse Wind, the XRPL Labs lead developer of Xumm,
Wietse Wind is the brainchild behind the development of the banking app. Its development was triggered by his everyday drive of turning complex software into simple products. The drive began at the age of sixteen years during his university years at the University of Amsterdam. The urge to become an entrepreneur-led him to register his company; Internet Publications, which was later rebranded to iPublications.
The company aimed to deliver projects on time, within budget and in a more efficient way. This is how Xumm has been birthed. The Dutch developer says that the Xumm banking application is a simple but hardy way of explaining how crypto has taken control over the traditional monetary system. It is an invention in the industry and step nearer to becoming a self-sustaining ecosystem
So what exactly is Xumma and what are its advantages?
Xumm’s design is aimed at allowing spend multiple currencies co-currently, which could be dollars and Euros. This goes hand in hand with the use of a digital asset – XRP. It was launched at XRPL Labs and as one of the Ripple’s Xpring initiatives. Some of its advantages include:
• Allowing users to open a wallet account without the need for intervention of a third party.
• The application has an easy interface, which makes it stress – free without the need for advanced knowledge of crypto-wallets.
• It is a convenient way of connecting with businesses for fast payments and in real-time. Users can easily interact with consumers; thanks to XRP
According to Wind who is also the developer behind the development of other products including XRParrot and XRPTipBot, everyone should have access to the application. However, it is currently available for Android users who must download it from a beta version.
The app was available for Apple devices (iPhone and iPad). However, it was rejected after the first run and the users of these devices must have cameras on them. Nonetheless, Wind explains that even for those who can access it, it is a requirement that they send just an insignificant amount of XRP to the app to avoid occasions of bugs.
Android users report some bugs with the application
This was unfortunate after just a few hours of testing which turned out successful. Many users complained of not being able to access the start screen from some places in the app. The app got stuck whenever they opened it on their phones and this made it hard to return to the main menu.
However, despite all these mischances, the community was generally happy with the app even as Wind promised to have the bugs fixed the soonest. He also explained that the users couldn't share the app with friends and family through screenshots.
‘’People can’t take a screenshot of the XUMM app. While annoying when sending a bug report or suggestion, we did this on purpose for security reasons: when your phone is compromised we want to prevent apps from sniffing your secrets/account/balance’’.
The consideration of launching a paid account of the application, “Xumm Pro”
With the reported success of the Xumm, XRPL Labs is assessing the introduction of a Xumm Pro. Through his Twitter account, Wind explained they were contemplating this possibility. He said, ‘’Dear #XRPCommunity 👋 With the release of XUMM approaching, we at @XRPLLabs are thinking about our future (XRPL 🎉 – don't worry). We are contemplating the possibility of introducing “XUMM Pro”. That would allow us to roll out even more features (time, infrastructure, etc.)’’
Nothing much will change just an addition of new features that would offer added value to the users. Surprisingly, a recently conducted survey showed that 36.7% of the community was in full support of the Xumm Pro while 30.9% claimed they would still support non – paybale version. Another 22.4% would at first support the new version just to have a feel of its innovation and modernization.