The move will allow Bitstamp customers to use the XRP Ledger’s fast and cheap transaction processing to move EUR while giving them access to its DeFi ecosystem. Leading centralized crypto exchange Bitstamp has launched EUR-backed IOUs on the XRP Ledger. The crypto exchange announced the development in a tweet yesterday, along with an accompanying blog The post Bitstamp Introduces EUR-Backed IOU on XRP Ledger with Xumm Wallet Integration first appeared on The Crypto Basic .