Introducing a long-awaited update: Gem Wallet now supports XRP cross-chain swaps. You can now exchange XRP across networks - including Bitcoin - with no bridges, no exchanges, and no extra steps.
What Is THORChain
To make this possible, we’ve integrated the power of THORChain - a decentralized liquidity protocol that enables the exchange of real, native tokens across blockchains. The protocol runs on the RUNE token and relies on independent nodes for security. No intermediaries - just an automated system that executes swaps fairly and transparently. This is exactly the kind of philosophy Gem Wallet stands for.
Why Cross-Chain Swaps Matter in Real Life
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One Wallet - All Networks: Got BNB but want to swap it for Litecoin? Or maybe you need to convert Ethereum into USDT BEP20 to buy tickets to your favorite band’s concert? All of that is possible right inside Gem Wallet in just a few taps. And many more swap options - all in one app.
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Full Control in Your Hands: No more worrying about where your transfer might get stuck between networks. Swaps happen directly between blockchains - it’s like riding the metro with no transfers.
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Save on Fees: Usually, moving from one network to another takes several steps, multiple swaps, and fees at every stage. Here, it’s one step, one transaction - and you’re already in the network you need.
Why Gem Added Cross-Chain Swap Support for XRP
XRP is more than just a popular coin - it’s one of the most widely used cryptocurrencies in the world, ranking in the top 5 with a market cap of around $127 billion. For millions of users, XRP isn’t just a payment method - it’s a daily tool for transfers and savings. That’s why it’s important to give XRP holders more freedom: the ability to exchange their assets in a decentralized way, directly and securely, without third parties.
Benefits for Gem Wallet Users
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True Multichain in Your Pocket: You can move freely between networks without leaving your wallet. XRP is now more flexible - and more useful. Want to convert some of it into a more “investment-grade” asset like Bitcoin? Or swap back into XRP from BNB Chain? You can now do it all directly inside Gem.
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No More Exchange Hassle: No need to visit websites, search for pairs, figure out fees, or wait for confirmations. Everything works right on your phone - like a familiar currency exchange, only between blockchains. Just select, confirm - and done.
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Privacy and Protection: You don’t need to register on an exchange, complete verification, share personal data, or wait for approvals - everything happens inside one wallet that doesn’t ask for personal info, selfies, videos, email, or track your activity.
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One Interface - Endless Possibilities: It doesn’t matter how deep you are into Web3. The interface is easy to understand even for someone who just downloaded the wallet yesterday.
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Better Swap Rates: You get the best deals thanks to THORChain’s large liquidity pools - there’s always someone to swap with.
Supported Networks for Cross-Chain Swaps in Gem Wallet
Bitcoin, Ethereum, BNB Chain, Litecoin, Dogecoin, Avalanche, Cosmos, XRP
More major networks coming soon
Resources for developers
Conclusion
This isn’t just a new feature - it’s a new level of freedom. Now XRP moves across networks, and you stay in control. Update Gem Wallet and see how simple crypto can be.
