Trade like KakaoTalk? XRP, the era of buying with messengers is coming

▲ Ripple (XRP) ©

As an era where cryptocurrency transactions are possible with a single line of messenger opens, XRP is once again put to the test.

According to Watcher.Guru, a cryptocurrency specialized media outlet, on April 20 (local time), XRP (Ripple) has become tradable on WhatsApp in the form of wXRP, a Solana (SOL) blockchain-based wrapped asset, introducing a new way of use. This feature was implemented through an AI-based bot system linked with non-custodial wallets.

Users can execute transactions by simply entering text commands such as 'buy 0.1 SOL worth of wXRP'. WhatsApp acts merely as a message delivery tool, while actual transactions are processed through DEX aggregators in the Solana DeFi ecosystem. This structure allows for token swaps using a chat-based interface.

In this process, wXRP is utilized on major Solana DeFi platforms such as Raydium, Orca, Kamino, Marginfi, and Backpack. This feature was implemented through the collaboration of LayerZero and Hex Trust, and is considered an example targeting both multi-chain scalability and accessibility.

The market shows both anticipation and concern. While some investors believe DeFi accessibility will significantly improve, many are concerned about privacy and security issues due to WhatsApp's ownership by Meta. Existing DeFi users, in particular, still tend to prefer traditional on-chain transactions.

Ultimately, this attempt is evaluated as an experiment to change the cryptocurrency trading method itself. If message-based trading becomes widespread, accessibility could significantly expand, but analysis suggests that it will take time for full adoption unless security and trust issues are resolved.

*Disclaimer: This article is for investment reference only and does not take responsibility for investment losses based on it. The content should be interpreted for informational purposes only.*