CoinGate introduces XRP payments for merchants


Payment gateway CoinGate has announced the addition of $XRP into the roster of accepted currencies for merchants. By implementing native payment options in the currency, the platform hopes to cater to the $XRP community backed by one of the largest cryptocurrency markets according to capitalization, CoinGate writes in a blog post.

The firm notes that $XRP differs from other previously supported cryptocurrencies as it is not blockchain-based and is maintained by independent validators which use the Ripple protocol consensus algorithm to confirm changes. CoinGate has recently launched their own $XRP ledger validator as well, in hopes to “further accelerate the decentralization of the $XRP network,” the company stated in the blog post.

Apart from using $XRP as a means of payment, clients will be able to purchase the currency directly on the platform.

The post CoinGate introduces XRP payments for merchants appeared first on The Block.

CoinGate introduces XRP payments for merchants written by Carol Gaszcz @ February 1, 2019 Carol Gaszcz

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