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.
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CoinGate introduces XRP payments for merchants written by Carol Gaszcz @ https://www.theblockcrypto.com/tiny/coingate-introduces-xrp-payments-for-merchants/ February 1, 2019 Carol Gaszcz