- Ripple XRP soon to be utilized at Amazon and major store with New BitPay incorporation
- Ripple should get banking license to transform the financial system – Keiran Kelly
BitPay, a crypto payment service is unveiling new support for Ripple XRP. The co-founder if BitPay Tony GFallippi affirms that users will be able to trade gift cards with Ripple XRP by next week. The gift cards enable crypto traders to easily spend their digital assets at any partnered store including Amazon, DoorDash, Burger King, GameStop, Dominos, and Home Depot. BitPay’s major service is created to provide companies and individuals an easy way to receive cryptocurrency payments, also to store their crypto assets. The company added support for Ripple XRP payments in October 2019 after partnering with Ripple.
XRP (XRP) Price Today – XRP / USD
BitPay’s director of product, Sean Rolland, states that the swiftness and scalability of Ripple XRP distinguish it form most crypto assets on the market. He went thus:
“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.” Though its gift card service is focused on the U.S, BitPay states that it manages crypto payments in over 200 countries globally.
Ripple should get banking license to transform the financial system – Keiran Kelly
The founder of XRP.co recently got a message from prominent bank HSBC where he was charged a huge fee for his cross-border transaction. This provoked him to suggest a proposal to the CEO of Ripple Brad Garlinghouse via Twitter.
The devoted Ripple and XRP enthusiast was livid that the bank was charging fees for both sending and receiving international payments. In the tweet to Garlinghouse, he explained ways Ripple can carryout swift and cheaper transactions and does not charge the receiver any fees.
Also in the message by HSBC to Kelly, it was stated that transactions take up to 5 days to finalize. Contrarily, Ripple processes transactions worth millions of dollars swiftly and cost-efficiently. According to Kelly, with a banking license, Ripple could reduce the cost of international transactions drastically for many people who want to carry out cross-border transactions.
Thus, Ripple should consider requesting for a banking license or further increasing the stake in MoneyGram. Kelly went thus:
“Being charged for receiving and sending international payments. @Ripple should consider getting a banking license &/or acquiring more ownership of @MoneyGram. @bgarlinghouse.”
Last year, Ripple procured 10% of MoneyGram’s stock, successfully concluding a $50 million investment. With Ripple MoneyGram partnership, Ripple now owns 9.95% of MoneyGram’s outstanding stock.