XRP Ledger noncustodial wallet Xumm is seeing a major rebranding as it has taken on a new name: Xaman. Xumm will now be known as Xaman.
In an official blog post, Xumm announced it has evolved into a new era, which does not merely represent a name change but also a transition from a lab concept into a fully realized XRPL powerhouse.
Xumm Evolves into a New Era: Welcome, Xaman!XRPL Labs’ eventful journey with Xumm traversed milestones that were once dreams, and now we have grown out of the lab stage. We are thrilled to announce our rebranding to Xaman!https://t.co/eKyq0IvtN0 pic.twitter.com/uCwDJXM1Lp
May 26, 2023
It explains the motive behind the move: its decision to evolve into Xaman considers the existing landscape of brands within the industry. It discovered other businesses with names similar to Xumm in the cryptocurrency field and decided to change its name to Xaman to stand out and avoid any potential confusion.
Thus, with the shift, Xumm believes its evolution will reach a new frontier, uniting XRPL Labs and Xumm under one stronger identity, Xaman.
Previously, its progress had been periodically hampered by confusion due to the separate identities of XRPL Labs and Xumm, as well as unintentional links to other entities in the XRPL ecosystem.
The Maya god of commerce, trade, business and the economy is known by the name "Xaman." According to Xumm, the word "Xaman" appropriately expresses its goal of integrating retail and cryptocurrencies and serves as a suitable embodiment for its grand vision.
Xumm notes that its transition to Xaman will be a gradual process. Additionally, it will unify the Xumm app and business under a single name and brand, reducing confusion and reinforcing its identity.
Meanwhile, the functionality and operations of all previously XRPL Labs/Xumm products, such as Tangem cards, will remain the same.
Our rebranding to Xaman solidifies our commitment to providing the best self-custodial wallet experience, revolutionizing the retail sector, bridging crypto and commerce, and ensuring our community always has a unique and recognizable beacon in the XRPL landscape.
It explains the motive behind the move: its decision to evolve into Xaman considers the existing landscape of brands within the industry. It discovered other businesses with names similar to Xumm in the cryptocurrency field and decided to change its name to Xaman to stand out and avoid any potential confusion.
XUMM (Best Mobile XRP Wallet): Exclusively designed for Ripple Ledger, XUMM takes the crown as the best mobile XRP wallet. Beyond its secure storage capabilities, XUMM supports fiat payments and seamlessly connects with xAPPS, providing users with a comprehensive mobile experience for managing their XRP assets.
XRPL Labs is the name of the company that develops the self-custodial wallet known as Xaman. (Formerly Xumm.) We are based out of Amersfoort in the Netherlands.
A Xumm card will generate a set of private keys on the card. They never leave the card. No one will ever see them, (including you) and there is no way to access them. You can never be tricked into giving your account secret away and the only way to access your account is by having the card with you.
we offer an On/Off-Ramp service to our Xumm Pro users. This means that you can buy and sell XRP from our On/Off-Ramp xApp and send funds back and forth from your bank account using the xApp.
We offer several easy ways to purchase XRP from the Xaman (formerly Xumm) platform. Take a minute to read through the following options and determine which one best meets your needs.
The SEC claims Ripple sold XRP as an unregistered security, while Ripple argues XRP is a digital currency. XRP's value dropped by more than 50% after the lawsuit was announced, leading to major exchanges delisting it.
Are Ripple wallets safe? The safety of a Ripple wallet depends on its design and security features. Hardware wallets, which store private keys offline, are generally considered the most secure option. Non-custodial wallets also offer a high level of security, as users retain control over their private keys.
Xumm Wallet rebranded to Xaman in December 2023 in a landmark move for the popular XRP wallet. The change represented more than just a rebrand, as the latest update was focused on integrating the Xahau Network chain built on the XRP ledger, which has smart contract capability.
Our rebranding to Xaman solidifies our commitment to providing the best self-custodial wallet experience, revolutionizing the retail sector, bridging crypto and commerce, and ensuring our community always has a unique and recognizable beacon in the XRPL landscape.
"XRP" and "Ripple" are often erroneously used interchangeably. Ripple (previously Ripple Labs) is a company, and XRP is the name of the native cryptocurrency for XRP Ledger, an open-source distributed ledger run by the XRPL foundation.
XUMM is a versatile digital wallet designed for securely managing and interacting with various cryptocurrencies and decentralized applications (dApps). XUMM stands for "XRP Ledger Utility for Multisignature Manager".
Ripple was the name of the original open-source project, which included XRP (at the time called "ripples"), the Ripple Consensus Ledger, the Ripple Transaction Protocol, and the Ripple Network. The Opencoin company helped develop the XRP Ledger, but it was rebranded to Ripple Labs (now known as Ripple).
Introduction: My name is Annamae Dooley, I am a witty, quaint, lovely, clever, rich, sparkling, powerful person who loves writing and wants to share my knowledge and understanding with you.
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