SoFi adds XRP deposits but users criticize lack of external wallet transfers
The Block
SoFi has enabled XRP deposits, yet users are disappointed by the platform's continued restriction on transferring cryptocurrency to external wallets.Summary
SoFi Crypto has officially added support for XRP deposits, a move welcomed by Ripple as a way to increase accessibility. However, the platform has faced backlash from users because it still prohibits the withdrawal of crypto assets to external, self-custody wallets. Critics, such as Dan Thurman, argue that this policy turns SoFi into a centralized financial vehicle rather than a tool for the broader XRP ecosystem. SoFi's support pages confirm that external transfers are not currently permitted, and the company has not provided a timeline for when or if this functionality might be enabled.
(Source：The Block)