Ripple
has announced a strategic partnership with BitPay as a new phase of an
expansion plan for its ecosystem.
According
to Ripple, thousands of businesses will now be able to accept XRP thanks to the
payment processing services provided by BitPay.
The
full integration between the two platforms should take place before the end of
the year.
BitPay
is one of the most important crypto payment processors in the ecosystem.
“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,” Sean Rolland, Director of Product at the PayTech firm
commented.
Ripple
is not precisely the cryptoverse’s favorite cup of tea, either. Criticisms of
centralization, constant sales of XRP, and a philosophy more consonant to that
of a financial services company than a real cryptocurrency itself have caused a
negative image in the wider community.
However,
despite these obstacles, Ripple has managed to rank XRP as the third most
capitalized cryptocurrency in the market — while BitPay remains at the forefront
of crypto payment processors around the world.
The post Ripple and BitPay Join Hands to Increase Adoption appeared first on Cryptoverze.
