Blockchain payments provider BitPay has collaborated with Ripple’s Xpring to support XRP cryptocurrency payments through its merchant processing and cross-border transfer platform.

Customers using BitPay Wallet and BitPay Prepaid Card will be able to store and spend XRP via the company’s merchants and businesses.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The new service will be implemented by the end of this year and does not require any integration or enhancements from the customer.

BitPay director of Product Sean Rolland said: “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.”

Xpring was introduced last year to bolster XRP utility and ecosystem. Till date, the company formed more than 20 alliances and agreed to support blockchain companies and products with a total of more than $500m.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company introduced a new developer platform, which allows developers to integrate money into their business. This new platform will also be incorporated into BitPay Wallet.

BitPay already offers Bitcoin, Bitcoin Cash and Ethereum.

It also provides stable coin settlement with Circle CENTRE USD//Coin (USDC), Gemini Dollar (GUSD) and Paxos Standard Token (PAX), 12 additional currencies and direct bank deposit in 37 countries.

Apart from Bitpay, Xpring also partnered with BRD Wallet, Anchorage and Chainalysis for supporting XRP payments.