The leading blockchain payments provider, BitPay has partnered with Ripple’s Xpring to add support to XRP which shines as the world’s third-largest cryptocurrency in terms of market capitalization. The collaboration will facilitate payment processing and cross-border transfers through XRP by allowing businesses and merchants to accept the crucial crypto coin.
“BitPay customers are leveraging the promise of blockchain payment technology and with XRP can offer a payment option that is fast, cost-effective and scalable. The addition of XRP as the next blockchain asset supported by BitPay expands blockchain choices across the payments space,” quoted Sean Rolland who works as director of product at BitPay.
This team-up will allow the BitPay wallet users along with the prepaid cardholders to store and trade XRP through its merchants and business entities.
The customers of the platform will be rendered to add XRP without the need for any integration or enhancements, revealed the official statement.
BitPay wallet will also incorporate with Xpring’s newly-launched developer platform which caters to the requirements of the developers by allowing them to integrate money into their businesses in an easy and convenient manner.
Last month in the current year itself, BitPay lend support for ether (ETH) cryptocurrency. Presently, the platform deals payments in bitcoin (BTC) and bitcoin cash (BCH), along with three stablecoins – Circle and Coinbase-led USD Coin (USDC), Gemini Dollar (GUSD), and Paxos Standard Token (PAX).
Earlier in March 2019, Xpring collaborated with blockchain-focused gaming firm Forte to raise a fund of $100 million to give support to the developers of the gaming sector. The money was collected by Ripple while the fund was to be coordinated by Forte.
Launched in 2018, Xpring was built with the motive to expand the XRP ecosystem. Up until now the platform has teamed up with more than 20 companies and traded more than $500 million in supporting blockchain-centered firms and solutions.