Ripple-Backed Startup Reveals New XRP Payments App

By Daily Hodl Staff

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.

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

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.

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