BitPay partners with Ripple’s Xpring initiative to accept XRP for payments

by Osiris Team

Posted on Oct. 2, 2019, 4:57 p.m.
Time to read: 3 min

BitPay, one of the largest crypto payments providers in the world, announced that it is planning to offer XRP support for businesses to accept this cryptocurrency.

In order for this to happen, BitPay partnered with Ripple’s developer initiative Xpring. The information was released by BitPay a few hours ago in a blog post.

With this new partnership, businesses will be able to accept XRP for payments using BitPay’s merchant processing and cross-border payments platform.

In addition to it, BitPay Wallet and BitPay Prepaid Cardholders will also be able to store and spend XRP using BitPay merchants and businesses.

Sean Rolland, Director of Product at BitPay informed about this new initiative:

“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.”

With this partnership, Ripple will be able to build the Internet of Value and exchange funds as fast as information does on the internet. Furthermore, BitPay Wallet will also integrate with Xpring’s newly launched developer platform, making it easier for businesses to integrate these services.

BitPay processed more than $1 billion annually from global merchants such as Microsoft, Newegg, Dish Networks and many others.

Ripple has also announced a few minutes ago that they are launching the next evolution of Xpring.

This platform will offer a set of tools, services and programs that makes it easier for developers to send and receive payments in any currency, across any network and using the XRP Ledger and the Interledger Protocol. This would allow money integration into applications to happen in an easier way.

The company is currently working in order to offer easy access to technology to move money instantly across payment networks.

Xpring will improve and enhance these technologies and offer developer support, advocacy and partnerships for them to be able to solve real problems.

A few days ago, Ripple decided to remove all mention to xRapid, xVia and xCurrent from its website.

XRP is the third largest cryptocurrency in the market after Bitcoin (BTC) and Ethereum (ETH). According to data provided by CoinMarketCap, XRP is being traded around $0.253 and it has a market cap of $10.91 billion.

Related links:
Like and comment it on:

More cryptocurrency news

Latest news

Ripple leads investment in Mexico's Bitso exchange to develop LatAm markets

Mexico-based cryptocurrency exchange Bitso has raised capital from a number of major investors including Ripple, Coinbase, and Jump Capital to help it expand into Latin America.


Oct. 15, 2019, 3:09 p.m.

UNICEF will not convert Bitcoin and Ethereum donations to fiat

The UNICEF is rolling out a pilot program to accept cryptocurrency donations—and won’t be converting the raised funds to cash.


Oct. 14, 2019, 3:01 p.m.

CFTC chair says ETH is a commodity and anticipates ETH derivatives to trade in the US soon

The Commodity Futures Trading Commission chair believes that Ethereum is a commodity, according to Yahoo Finance.

Adoption Development Regulatory

Oct. 11, 2019, 7:55 p.m.

Finastra, the third largest fintech firm in the world, joins RippleNet

Ripple announced on Wednesday a collaboration with UK-based Finastra, reportedly the third-largest FinTech firm in the world, to allow Finastra's customers access to RippleNet, Ripple's global payment network, for faster, cheaper, and more reliable cross-border payments.


Oct. 10, 2019, 9:02 p.m.

Binance announces WeChat, Alipay support for Bitcoin purchases

Malta-based cryptocurrency exchange, Binance, has added WeChat and Alipay as payment methods on its platform.

Adoption Development

Oct. 9, 2019, 11:44 a.m.

Follow us