The crypto payments service BitPay is launching new support for XRP.
BitPay co-founder Tony Gallippi confirms that users will be able to buy gift cards with XRP starting next week. Gallippi retweeted the news, which was first uncovered by a group of XRP enthusiasts.
The gift cards give crypto holders an easy way to spend their digital assets at a long list of major retailers and restaurants, including Amazon, Burger King, DoorDash, Domino’s, GameStop and Home Depot.
BitPay’s main service is designed to offer companies and individuals an easy way to accept cryptocurrency payments, as well as store their crypto assets. The company added support for XRP payments back in October after partnering with Ripple.
BitPay director of product, Sean Rolland, says the speed and scalability of XRP set it apart from most crypto assets on the market.
“BitPay customers are leveraging the promise of blockchain payment technology and with XRP can offer a payment option that is fast, cost-effective and scalable. The addition of XRP as the next blockchain asset supported by BitPay expands blockchain choices across the payments space.”
Although its gift card service is targeted to the US, BitPay says it processes crypto payments in more than 200 countries around the world.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Rost9
