Ripple-Backed Startup Reveals New XRP Payments App

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The Ripple-backed startup XRPL Labs is developing a new payments app designed to give store owners an easy way to accept XRP.

A prototype of the point-of-sale (PoS) system is up and running, and will be tested at an upcoming meetup in The Netherlands. The app is tentatively titled XRPay, although the name will likely change to avoid confusion with a competing platform with the same name.

The first prototype of the xrpay app!! Pay for your drinks and food at the meetup using #xrp with the xrptipbot or wirex #XRPCommunity @WietseWind @baltazar223 pic.twitter.com/l1HNkOJjhE

— Tristan van de Kamp (@ThisIsTRISS) March 28, 2019

According to XRPL Labs founder Wietse Wind, the company plans to launch the app on both Google Play and the App Store shortly.

Getting ready for $XRP payments for the Community Meetup next month (in Amersfoort, the Netherlands) 🎉 (App will be released for store owners in the App store and Play store soon 🍻) https://t.co/Mdskly311l

— Wietse Wind { 𝚡𝚛𝚙𝚕𝙳𝚎𝚟: 𝚝𝚛𝚞𝚎 } (@WietseWind) March 28, 2019

Ripple’s fundraising and development arm Xpring recently backed XRPL Labs. The undisclosed investment amount, denominated in XRP, is expected to fuel the company’s efforts for two to three years.