Atlanta-based leading cryptocurrency payments giant, BitPay has finalized its 2019 deal to Integrate XRP, as a payment option on its cross-border payment, and merchant processing platform.
Following the announcement, BitPay’s customers can now pay for purchases and invoices using the Ripple native cryptocurrency, which was supposedly designed for global payment.
In October 2019, the crypto payment giant announced its partnership with Ripple’s developer initiative, Xpring, in order to add XRP on its platform as another payment offering to customers.
The Xpring tends to enable third-party app developers to quickly roll out fiat and digital currency payments into any application using the XRP Ledger and Ripple’s Interledger Protocol (ILP).
Many people expected the integration to be completed before the end of 2019. However, the XRP update didn’t happen until now, with Egifter’s CEO, Tyler Roye saying that the customers and XRP community are already excited about the announcement today.
“We’re excited to add XRP as a payment option on the eGifter platform, and we welcome XRP early adopters in the same way we did those of Bitcoin in 2014,” Roye added.
Currently, the company now supports seven cryptocurrencies, which include Bitcoin, Ether, USD Coin, Bitcoin Cash, Gemini Dollar, Paxon Standard Token, and Ripple. It accounts for 80% of the total market capitalization for all cryptocurrencies.
On September 2019, BitPay added support for Ether (ETH) for customers to process payments on its platform. Stephen Pair, the CEO, said it was the “next logical choice,” given that the company already offered Bitcoin and Bitcoin Cash as a payment option.
Later in December, the company provided support for stablecoins payments. It added three top major coins, which include the USD Coin, Gemini Dollar, and Paxos Standard Token. Merchants and customers could use the crypto to also pay for services.