Major cryptocurrency processor BitPay has entered a collaboration with Ripple’s venture arm Xpring to support payments with XRP.
The advancement was revealed in an October 2 official statement, stating that merchants now can acknowledge the third-biggest cryptocurrency XRP for payments by means of BitPay’s cross-border payments platform. As a part of the partnership, BitPay is additionally incorporating its BitPay Wallet with Xpring’s developer platform.
In a separate declaration, Xpring revealed that worldwide firms are presently ready to acknowledge XRP through BitPay without the requirement for integration and improvements.
Earlier, it was announced that web monetization platform Coil started supporting XRP payments in real time because of collboration with payment gateway and XRP Ledger wallet provider GateHub. The platform enables clients to get funds in XRP and convert them into euros, United States dollars, Bitcoin (BTC), and Ether (ETH).
In August, Xpring revealed a 1 billion XRP (around $265 million) award to Coil to establish an ecosystem of developers, creators, companies, and non-profits that utilize XRP through the Web Monetization open standard.
Concerning BitPay, the firm experienced a security and confidentiality compliance review, the Service Organization Control 2 (SOC 2) on September 30. Passing a SOC 2 review implies that the firm has met criteria set by the American Institute of Certified Public Accountants concerning security, confidentiality, privacy, integrity, and accessibility.
XRP is presently the third biggest coin by market capitalization. The altcoin is trading at around $0.25 at the time of writing, up nearly 1% in the last 24 hours.