BitPay to Become the First Payment Processor to Support XRP in the US
Ripple is on a partnership spree.
With global eCommerce retail sales expected to reach $6 trillion by 2022 and crypto going mainstream with more merchants willing to take advantage of the fast and low-cost settlement digital assets, Ripple is all set to leverage this opportunity.
The company will enable thousands of businesses to accept the digital asset for payments through BitPay’s merchant processing and cross border payment platform in a safe, secure and compliant manner.
“The XRP ledger can support 1,500 txns/per second, 24×7, and can scale to handle the same throughput as Visa – making it uniquely positioned for payments of any kind,”
reads the announcement.
With this partnership, global businesses will accept XRP without the need for integration or enhancements.
BitPay wallet users will also be able to use, store, and send XRP in the BitPay wallet.
The Wallet will also integrate with the newly launched platform, Xpring that provides developer tools, services, and programs to integrate money into apps.