BitPay worked alongside Ripple developer platform Xpring to finish the XRP integration, which is that the third-largest cryptocurrency by market capitalisation at $10.1 billion, consistent with Messari. The payment service conducted over $1 billion in transactions processed in both 2017 and 2018.
Ecommerce domain eGifter and humanitarian organization CARE have already announced their adoption of XRP for commerce and donations following the addition, BitPay said.
“BitPay continues to expand consumers’ ability to transact within the currency of their choice and provides merchants new exposure to an outsized base of loyal XRP users bent driving real-world adoption,” BitPay Chief Marketing Officer Bill Zielke said during a statement.
XRP joins fellow cryptos bitcoin (BTC), bitcoin cash (BCH) and ethereum (ETH) alongside several stablecoins as payment options. BitPay added support for ethereum in September.
“BitPay provides new and practical opportunities for the utility of digital assets,” Xpring Senior vice chairman Ethan Beard said during a handout . “We hope to create upon this progress, to form it easy for everybody to integrate money into their apps. We’re excited to enable the utilization of XRP for everyday purchases, which benefits merchants and consumers alike.”