Omni users can earn XRP while keeping or renting their unused items 

21 Oct, 2018
by Fifi Arisandi
Omni users can earn XRP while keeping or renting their unused items 

Omni, the rentals and items management startup now pays users in XRP. 

The rentals and items management startup, Omni reveals their latest crypto strategy for their platform: They now allow users to receive payment in XRP.

Speaking to TechCrunch, Omni’s founder and CEO, Tom McLeod is confident of their strategy, citing, “I think any company scaling today has to have a crypto strategy. This is the start of ours.”

The company will pay users who rent their unused items via their platform using the $25 million XRP they received from funding last January. However, users are free to choose USD if they prefer to be paid in fiat than cryptocurrency.

Both Omni and users can be benefited with the new payment method. Omni can reduce the transaction fees, while users can grow their investment portfolio only by renting their unused items. 

Quoting the CEO, “In every other crypto investment scenario, you have to risk your cash — this way you can put items you already own to work for you and have them earn XRP while you relax. With this integration, you can basically double dip on ownership-as-investment by both unlocking liquidity early and investing some or all of the proceeds back into the crypto markets.”

Read more: 

Michael Arrington: XRP helped move $50 million in two seconds, cost 30 cents

Wirex poll reveals people’s preference of XRP over BTC, LTC, ETH

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Read more about: Ripple (XRP)

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