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The Daily Hodl
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Ripple Executive Exploring E-Commerce Payments Platform Powered by XRP

by Daily Hodl Staff
May 15, 2020
in Ripple and XRP
[the_ad id="93550"]

Ripple’s director of product says he’s considering launching an XRP-powered e-commerce payments platform.

Craig DeWitt, who has previously launched XRP-related projects out of the blue, says the platform would be easy to integrate on any website looking to accept cryptocurrency.

“Considering launching an e-commerce payments platform using payburner, open to the world… the guts of xSongs already does this beautifully.

[This would] make it stupid simple to use so anyone can accept XRP payments in their personal sites with a simple code snippet.”

DeWitt rolled out xSongs in December, a new digital marketplace that allows musicians to sell their songs online for XRP. There’s no fee to upload or post songs, and musicians receive 100% of the revenue from their sales through peer-to-peer XRP payments.

XSongs also utilizes Payburner, an integrated payment system built on top of the XRP Ledger.

[the_ad id="95413"]

After DeWitt brought up the idea for the e-commerce payments platform, Wietse Wind, the CEO of Ripple-backed XRPL Labs and founder of the XRP-based banking app Xumm, quickly offered his support.

“We could team up, doing payburner and Xumm implementations (enable one or both in a simple e-commerce platform specific admin module) at once? 

(We’re looking at WooCommerce and Shopify for the first plugins).”

The e-commerce platform would boost Ripple’s goal of increasing the usability of XRP. Speaking about xSongs in late November, DeWitt noted that the short-term objective for the platform isn’t to make money.

“If you can build a product that drives significant value to the market, monetization will not be a problem.

Uber loses money on ever [sic] ride they give, but they’ve built something incredibly valuable.”

 
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 losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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