RATE Group | Payment processor BitPay added support for Ripple’s XRP
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Payment processor BitPay added support for Ripple’s XRP

23 Jan Payment processor BitPay added support for Ripple’s XRP

Posted at 14:00h in Cryptocurrency News by

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A major crypto payment processor, BitPay,
recently announced that it is adding support for XRP — the
third-largest cryptocurrency, created by Ripple. The announcement
was published on January 21st, causing XRP to experience a minor price surge
and attempt to breach one of its major resistances at $0.24.

Now that BitPay has added XRP to its list of supported cryptos — alongside the coins such as Bitcoin, Ethereum, Bitcoin Cash, Tether, Gemini Dollar, and Paxos Standard — the coin’s users will be able to spend it with merchants registered on the platform. At the same time, the platform’s clients will have the ability to pay invoices with XRP.

As mentioned, the addition of XRP means that
BitPay now handles seven major digital assets. Not only that, but these seven
cryptocurrencies are responsible for around 80% of the total crypto market cap.

BitPay’s move provides new
opportunities for partners and users

The CEO of eGifter, Tyler Roye, commented on
the move by saying…

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