BitPay, a crypto payment service which provides users a wallet as well as gift cards which can be bought using different coins, is now making it easy to purchase Amazon cards using XRP. BitPay has entered into an agreement with Ripple’s Xpring to offer support for XRP.
The revelations were made by Tiffany Hayden Casheer Inc co-founder through a tweet over the weekend. Tony Gallippi who is BitPay’s co-founder then retweeted the news which is seemingly a sign of confirmation.
BitPay and Xpring, the investment wing of Ripple signed an agreement in October last year. The agreement show the addition of XRP among the virtual currencies which BitPay works with. The recent development indicate that from next week, BitPay will kick off selling Gift Cards for global’s third biggest crypto-XRP. Crypto holders can use the gift cards in different retail and restaurant outlets comprising of Amazon, GameStop, Burger King, DoorDash, Home Depot and Domino’s.
This is a crucial step that Ripple has taken in its effort to promote mainstream use of the XRP crypto. Sean Rolland, director of products at BitPay, stated that scalability as well as speed of XRP makes it unique compared to others in the fray. He added that the inclusion of XRP in BitPay will help in expanding the blockchain-based solutions in the payments space. He said:
“XRP can offer a payment option that is fast, cost-effective and scalable for BitPay customers.”
Despite the positive developments, XRP’s prices remained unchanged and the crypto still lags below $0.25, U-Today reports.
Ripple has been embroiled in a legal tussle with its early investors who accuse the company of running an illegal ICO and are calling for XRP to be deemed as an unregistered security. The case is yet to be determined but David Schwartz has urged Ripple enthusiasts to remain hopeful and optimistic.
In the recent past, Ripple has come under sharp criticism from XRP holders and worshippers accusing the company of price manipulation through dumping of large amounts of XRP. However, the firm has insisted that it does not intend to control prices.