It was inevitable Ripple and Bitpay would come together, and we couldn’t be more excited to work with our friends at Bitpay to help change the face of global eCommerce. Both companies are aligned in a common mission to remove friction from cross-border payments. The XRP ledger can support 1,500 txns/per second, 24×7, and can scale to handle the same throughput as Visa – making it uniquely positioned for payments of any kind.īoth Ripple and Bitpay deploy technologies to solve real-world problems stemming from outdating financial infrastructure. Transactions settle in just 4 seconds, and cost fractions of penny. XRP is a decentralized digital asset built for payments that is fast, reliable and scalable – well suited for eCommerce. As crypto goes mainstream, more merchants will want to take advantage of the fast and low-cost settlement digital assets can bring to their checkout flows. Amazon receives government-issued currency when BitPay purchases gift cards on behalf of the customer. Download the BitPay Wallet app for an easy and secure way to buy, store, swap, and spend crypto all in one app. This kind of broad acceptance is instilling confidence in the market and removes the barrier to entry for consumers to engage with digital assets in a tangible and practical way. Buy crypto with no fees in the BitPay app for a limited time. You can pay your tuition, donate to Greenpeace, and even pay your taxes with crypto in the State of Ohio. Some of the largest companies in the world have already begun accepting cryptocurrency as a means of payment including Microsoft, AT&T, Overstock, Mercado Libre (Amazon of Latin America) and many others. You can shop on Amazon with SHIB using the BitPay app, BitPay tweeted. The payment provider made this known today in response to a January 19 tweet that teased Amazon accepting SHIB as a payment method. In addition, BitPay customers are finding that accepting cryptocurrency attracts new buyers resulting in increased sales. Holders of Shiba Inu (SHIB) can pay for goods and services on all BitPay supported brands, including the popular e-commerce platform Amazon. By being able to cut fees down to 1%, Bitpay recognizes there’s a big opportunity for merchants to save money and ultimately pass those savings onto consumers. Global eCommerce retail sales are expected to reach $6 trillion by 2022. Additionally, Bitpay’s wallet users will be able to store, use, and send XRP in the BitPay wallet.Īs part of the partnership, BitPay Wallet will also integrate with Xpring – a newly launched platform, that makes it easier for developers of any kind to integrate money into their business. This will allow global businesses to accept XRP without any need for integration or enhancements. Today, we’re excited to announce we’ve partnered with Bitpay, the world’s largest crypto payment processor, to natively support XRP which will enable thousands of businesses to accept XRP for payments through BitPay’s merchant processing and cross-border payments platform safely, securely, and compliantly – by the end of the year.
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