This implies that cryptocurrency consumers can now pay merchants with the digital token on the platform. Also, any cross-border transfer can now be transacted using XRP, the third-largest digital currency by market capitalization.
According to BitPay, clients can now pay Bitpay invoices with the digital currency designed for global payments, XRP.
With the recent integration of the digital currency, BitPay now supports 7 cryptocurrencies altogether, such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), USDC, GUSD, PAX, and XRP.
This is already a welcoming development among the BitPay customers that have longed for the addition of XRP on the payment platform. Likewise, the XRP community is already in the euphoria of the recent addition, seeing it as an open door for further liquidity and expansion.
According to BitPay’s report, the CEO of Egifter, Tyler Roye exhibited his excitement regarding the addition of XRP. He sees adding the XRP payment option on the eGifter platform as a big development and better advancement for the platform.
He said, “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.”
The Senior VP of Ripple’s developer platform, Xpring, Ethan Beard also added that;
“BitPay provides new and practical opportunities for the utility of digital assets. We hope to build upon this progress, to make it easy for everyone to integrate money into their apps. We’re excited to further our partnership with BitPay and enable the use of XRP for everyday purchases, which benefits merchants and consumers alike.”
BitPay strategically added XRP payment option to its daily services to help with cross-border transfers and global payment difficulties, as this is one of the best use cases embedded in the digital asset.