Cryptocurrency payment processor CoinGate hаs added Ripple’s native token XRP to its payment options for merchants.
Cryptocurrency payment processor CoinGate has added Ripple’s native token XRP to its payment options for merchants, a company tweet revealed Feb. 1.
According to the firm’s accompanying blog post, using the service “XRP coin owners can now use it as a means of payment at more than 4,500 shops online.” CoinGate notes that, by offering what it defines as the first native XRP payment processing service, it hopes “to significantly boost its utility.”
The company’s customers using this service reportedly have the option of instant settlement in euros, Bitcoin (BTC), Ethereum (ETH) or XRP.
In July 2018, CoinGate launched a pilot program for 100 merchants to test transactions on a Bitcoin Lightning Network version of their service.
As Cointelegraph recently reported, United States merchant services provider Aliant Payments has announced it will offer free crypto transaction processing to some merchants.
Also, news recently broke that Japanese finance giant SBI Holdings outlined the implementation of technologies by Ripple and blockchain consortium R3 as a major part of its strategy to enable a global standard for financial operations, such as international payments and trade finance. The firm also noted Ripple’s potential for cross-border payments.
Source: Cointelegraph
On Wednesday, ETH, the native coin of the Ethereum blockchain experienced a significant rejection at…
Arthur Hayes, the co-founder and former CEO of BitMEX, recently shared his thoughts on the…
According to a recent survey by Fidelity Digital Assets, institutional investors, including US pension plans,…
Leading international cross border bank, Standard Chartered has predicted steep price declines for Bitcoin, foreseeing…
The United States Spot Bitcoin ETFS market is bleeding, with reports unveiling outflows exceeding $500…
On-chain data recently showed that Ripple carried out its monthly escrow unlock for May. As…