CoinGate: More People Buying Stuff With Ripple (XRP)

CoinGate: More People Buying Stuff With Ripple (XRP)

According to CoinGate, a significant payment gateway for BTC, ETH and 50 other cryptocurrencies, Ripple is increasingly getting utilized by crypto users to settle real-world payments. In a tweet, the payment gateway said that:

“We’ve been processing XRP payments for merchants since February. As you can see in the infographics below, the number of people buying stuff with XRP is increasing every month!

CoinGate further asks crypto twitter if they believe that Ripple has become the go-to crypto for micropayments. As expected, there is a resounding agreement from the XRP army with the XRP Research Center, for instance, chimed in, saying:

It is not only the best cryptocurrency for payments but also micro-payments, streaming payments and all kind of payments!”

Ripple (XRP) Best For Micropayments

Bitcoin’s blockchain though one of the most well known, makes it very expensive to process micropayments. As an illustration, it has been said that a BTC user in need of a cup of coffee will pay more in transaction costs than they will for the coffee itself.

Obviously, Bitcoin is struggling to be a reliable medium of exchange. However, altcoins like Ripple have made the easing of micropayments across blockchain networks their Raison d’?tre. The Lightning Network, nonetheless, is working to ensure that Bitcoin and other cryptocurrencies as crippled as it is in this area, experience faster and more cost-effective transactions on the networks.

XRP, on the other hand, has extremely low transaction fees and is super fast. In fact, transactions in Ripple’s network can be done in seconds. Ripple is not dependent on POW algorithms that not only utilize so many resources to verify transactions but are certified expensive. Besides, the InterLedger protocol brings about interoperability while keeping costs low.

Ripple (XRP) Strategic Partnerships

Due to such advantages, Ripple has benefited from increased partnerships with financial businesses globally, eager to share in the Ripple advantage. It is for instance, now possible for people to tip their Gmail friends all over the world via XRP.

Sending XRP via the Money Message feature on Gmail has become as simple as the installation of the platform’s browser extension on Google Chrome. Additionally, the XRPTipBot ensures that crypto receivers no longer require wallets, which makes the process very intuitive. XRPTipBot is widely used on Discord, Reddit, and Twitter.

The XRP Army thinks that this envelope can be pushed much further and have approached Skype over the matter. A Skype employee is said to have proposed the integration of Ripple to Skype to make payments easy too on the messaging platform. To further cement the proposal, the XRP community has been voting on the Skype UserVoice website and giving ideas also on how best to improve the platform. Western Union has also mentioned that they are making tests with Ripple’s payment features. This could make XRP, therefore, the leading cross border remittances digital currency. The steps, consequently, that Ripple has taken towards increasing micro-payment efficiency could lead it to global domination in the area.

The post CoinGate: More People Buying Stuff With Ripple (XRP) appeared first on Ethereum World News.

08.06.2019 / 01:20 40
How to Accept Bitcoin Cash Payments With Coingate How to Accept Bitcoin Cash Payments
Receiving cryptocurrency payments is an option many companies have explored and implemented in the past few years. Online merchants can use a growing
CoinGate Enables XRP Payments for Merchants CoinGate Enables XRP Payments for
The team at CoinGate has announcedthat the platform now supports XRP payments for Merchants. CoinGate explained that this move was due to the popular
Coingate Integrates Lightning Network on Litecoin to Boost Crypto Payments Coingate Integrates Lightning Network
Image credit: Shutterstock Cryptocurrency payments platform Coingate has begun its Lightning Network trial using Litecoin. According to marketing
CoinGate Lightning Network Support to Boost Bitcoin Adoption CoinGate Lightning Network Support to
Expect a major boost to bitcoin adoption as payment processing gatewayCoinGate announces Lightning Network support across its entire merchant base.
100 Merchants and CoinGate Join Forces To Test Lightning Network. LiveJasmin is one of them 100 Merchants and CoinGate Join Forces
A select group of entrepreneurs will have the opportunity to implement online payment transaction via the Lightning Network thanks to a commercial
Partnership Between Coingate and Prestashop Gives 80,000 Merchants the Ability to Accept Cryptocurrencies Partnership Between Coingate and
In a promising move towards mainstream adoption, Coingate and Prestashop are teaming up to pave the way for 80,000 merchants in Europe to accept
Comments (0)
Add a comment
Comment on