Ripple News Today – Ripple’s Craig Dewitt Launches XRP-based E-commerce Platform as XRP Remains Stagnant – June 11th, 2020 

Ripple XRP Price Prediction
  • Ripple’s Executive Craig Dewitt Releases Side Project powered by XRP
  • Ripple XRP Remains Stagnant as it Holds the Line at $0.2000 There is no Evidence of an Upcoming Surge 

Ripple News Today – Almost every senior executive at Ripple is involved in one side project or the other. While some of these projects directly involve the use of the XRP tokens, some others don’t. The recent XRP-based project that was released by Ripple’s Craig Dewitt will involve the use of the XRP token. The name of the platform is Payburner and it is an e-commerce platform that allows people to pay for goods and services quickly and efficiently using the XRP token. Dewitt promises to revolutionize XRP payments with this platform.

During his recent interview with Thinking Crypto, Dewitt said he realized that the world needs a one-click payment option with cryptocurrencies when he was working on Payburner. In his words;

“Payburner got started because we had this idea for xSongs and then we realized that there wasn’t a great ecosystem for individuals to do peer-to-peer payments using XRP. It was interesting to see in the initial version of xSongs, the vast majority of payments were coming from digital asset exchanges. People were buying songs for 20 XRP which was the weirdest thing. It turns out that that’s the [minimum] withdrawal for a lot of these exchanges. Then it kind of dawned on us that there hasn’t been [an] excellent wallet infrastructure that makes things easy for customers [of] xSongs to leverage XRP.”

Dewitt says that Payburner will be available on Google Chrome extension. Those who use WordPress will also be able to install the Payburner plugin. So, more than 455,000,00 websites across the globe will be able to use Payburner. This is going to help promote the adoption of XRP since more people will be using the token thanks to the convenience of Payburner. He continued;

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.00-0.80%

“When you look at the distribution of websites today, you have a vast majority of websites that run on WordPress. One thing that we’re excited about is by building a plugin to WordPress, you could make it very easy for people who want to receive XRP and payment for goods to have that plugin. Then you have a built-in ecosystem of people who are easily able to purchase [the goods] using the Payburner plugin that they have in their browser.

So the way that we’re approaching this is one of a two-sided market. One where you have sellers and one that you have buyers. We’re going to actively cultivate the ecosystem on both sides to make a better experience for both parties.”

In other news, the XRP token has failed to move above the resistance at $0.2100 for more than a week. It has received heavy criticism for this prove stagnation. At the time of writing, the price was $0.202021. It was down by 0.02% against the USD and down by 0.73% against Bitcoin BTC. The trading volume over a 24 hour period was $1,114,215,574 and the market capitalization was $8,911,705,125.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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