The Ripple-backed startup, XRPL Labs have released a new banking app dubbed the Xumm and are showcasing it now. Xumm, as they have been calling it, is used to allow users to hold both fiats as Euros, Dollars, and cryptocurrencies as, no doubt, Ripple’s XRP itself and other currencies- both virtual and material without any intervention from a bank. The app has tabs for transaction history, inbox for managing contact information. A banking license is yet to be issued to XRPL Labs for their app to work independent of banking institutions and the head of XRPL Labs, Wieste Wind, says