Today BitPay announced that it plans to accept XRP. BitPay is one of the biggest cryptocurrency merchant services providers. It has a significant number of retail outlets that accept cryptocurrencies via BitPay.
These include the likes of Microsoft and New Egg, and the company processes more than $1 billion in crypto payments annually. Hence this will extend XRP’s use for retail in particular, as well as cross border payments. The service will be in action by the end of the year.
“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,” said Sean Rolland, Director of Product at BitPay. “The addition of XRP as the next blockchain asset supported by BitPay expands blockchain choices across the payments space.”
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