XRP Ledger-Based Banking App XUMM Gets A Massive Update

Wietse Wind, the founder of Ripple-backed XRP Labs, has announced that the popular XRPL-based banking application XUMM is set for a new upgrade that is aimed at offering it’s users a better experience via the payment app.

Last tests & fixes for a massive XUMM update. The next 1~2 days: last internal testing & fixes. Next week: community dev. testing. Estimated public release: end of next week.
Over 60 changes, additions, improvements & fixes, mostly developed by Ali @baltazar223 & @ThisIsTRISS 🤗 pic.twitter.com/cqfDjzBdsg

— WietseWind { 𝚡𝚛𝚙𝚕𝙳𝚎𝚟: 𝚝𝚛𝚞𝚎 } (@WietseWind) July 15, 2020

Wietse Wind announced the “massive XUMM update” 0.5.1 is to come with 60 changes, additions, improvements & fixes.

XUMM 0.6.0 On The Way

The next release after this will probably be a beta version of XUMM 0.6.0. XUMM 0.6.0 will feature only few changes and update. This will be succeeded by removing of the Beta label and launch V1.

With version 0.6.0, a further beta version will follow, which will contain further important updates before version 1.0 is released, probably in the fourth quarter of 2020. There will also be a pro version, which will offer additional features. In addition, automatic KYC processes will be integrated so that XUMM can be used in all countries worldwide while complying with local laws.

Another major advance will be the integration of PayID. PayID is a free and open standard that is intended to increase interoperability between payment networks. PayID will replace complex and long account numbers with simple short names, making it much easier to send and receive transactions. To drive the introduction of PayID, Ripple recently joined the Open Payments Coalition.

After this, there will probably be one more beta release (0.6.0) with a little less changes & updates, after which we’ll remove the Beta label and launch V1. As we’re adding some things I’m really excited about (think: XUMM Pro, opt in KYC, hosted PayID & more) expect mid Q4.

— WietseWind { 𝚡𝚛𝚙𝚕𝙳𝚎𝚟: 𝚝𝚛𝚞𝚎 } (@WietseWind) July 15, 2020