Limewire, a popular peer-to-peer file (P2P) sharing website from the early 2000s that went defunct in 2010, has integrated XRP as a payment method for the ongoing Initial Coin Offering (ICO) event of its proprietary LimeWire token (LMWR).
On May 7, LimeWire took to Twitter asking if it should incorporate Ripple’s XRP cryptocurrency as a payment method for the ongoing public sale of the LMWR. The move will allow XRP investors to participate in the public sale event using their XRP tokens to purchase the LMWR token before it officially starts trading on cryptocurrency exchanges.
As per its tweet, the content-sharing platform called on the XRP community to show their preference for the digital token as a payment method by generating a minimum of 300 retweets for that particular tweet.
Calling the @Ripple community today! ☎️
Should we integrate $XRP as a payment method for the ongoing public sale of our #LMWR Token?
300 Retweets and $XRP will be live on our platform tomorrow! pic.twitter.com/PE374gUn4z
— LimeWire (@limewire) May 6, 2023
XRP Integration After Community Approves Tweet
According to data from the micro-blogging site, LimeWire shared a screenshot of the XRP integration after it garnered more than 1800 retweets in just over 2 hours. The other payment options include Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Binance Coin (BNB), among many other digital tokens.
Proof of $XRP 😉 pic.twitter.com/5M5BrIsPMx
— LimeWire (@limewire) May 7, 2023
The LimeWire public sale event is expected to continue for the next three days where investors can purchase the token on LimeWire’s official launchpad, which now includes XRP as a payment method. The minimum purchase is set at 418 XRP.
This comes shortly after the platform integrated Cardano (ADA) and Polygon (MATIC) as a payment method for its public token sale event. LimeWire was shut down back in 2010, after a lengthy legal battle with the Recording Industry Association of America (RIAA) over allegations of music piracy.
Defunct P2P Apps Turn To Crypto
However, the service was relaunched in 2022 as a nonfungible token (NFT) marketplace focused on art and the music industry. Brothers Paul and Julian Zehetmayr bought the rights to the company with hopes of reviving the brand in Web3. Julian had earlier stated,
“The issue with the NFT market is that most platforms are decentralized. If you look at Bitcoin, all the exchanges are making it really easy to buy, trade, and sell Bitcoin. There’s no one really doing the same in the NFT space.”
LimeWire is not the only decentralized file-sharing service to turn to the world of crypto. Rival P2P firm, BitTorrent was also acquired by crypto entrepreneur Justin Sun’s start-up Tron in 2018 in order to decentralize its services on the Tron Blockchain.
