BitPay to Facilitate Purchase of Gift Cards Using XRP
BitPay is about to launch new support for XRPA, and the plan got revealed in a tweet by the firm’s founder, Tonny Gallippi. According to Gallippi, the option will allow the purchase of gift cards with XRP starting next week. Nevertheless, the new developer first got realized by some XRP supporters.
Cryptocurrency holders will have the opportunity to use the gift cards effortlessly in spending their cryptos at several retailers and restaurants, including Amazon, Burger King, DoorDash, Domino’s, GameStop, and Home Depot.
BitPay Reaps as a Result of Facilitating XRP Payments
BitPay established its primary service to offer firms and individuals a convenient means of accepting digital currency payments and storing their cryptocurrency assets. Three months ago, BitPay started supporting XRP payments after it became a partner with Ripple.
As per the firm’s director of product, Sean Rolland, XRP’s speed and scalability make it different from many cryptocurrency assets on the market. He said that the firm’s customers are taking advantage of what blockchain payment technology promises to offer, and XRP can provide a fast, cost-effective, and scalable payment option. Moreover, he said that the support for XRP is an expansion of blockchain choices across the payments domain. Although the gift service first got meant for the US, BitPay affirms it processes cryptocurrency payments in more than 200 nations globally.