Blockchain payments provider BitPay will add support for XRP, the world’s third-largest cryptocurrency by market capitalization, by the end of this year.
Revealing the news exclusively to The Block on Wednesday, BitPay said it has partnered with Ripple’s Xpring unit to integrate XRP on its platform so that businesses and merchants can accept the cryptocurrency.
“XRP can offer a payment option that is fast, cost-effective and scalable,” said Sean Rolland, director of product at BitPay.
With the partnership, BitPay’s wallet users, as well as its prepaid cardholders, will also be able to store and spend XRP via its merchants and businesses. Read More...