Ripple (XRP) has its origins back in 2012, and is an independent digital asset native to the Ripple Consensus Ledger. With transaction confirmations taking just 5 seconds, XRP is one of the most efficient settlement options for financial institutions and liquidity providers seeking global reach, accessibility and quick settlement. 100 billion XRP tokens were initially pre-mined, with just 38 billion currently available in the market. The remainder are in Ripple labs and can be periodically released.
Ripple has fast gained popularity with fans and investors across the globe. It is an excellent way of sending blockchain payments globally and by joining its growing, global network, customers can have their payments processed anywhere in the world instantly, reliably and cost-effectively. Payment providers can use XRP to further reduce their costs and access new markets.
The continuing upward trend reflects the popularity of Ripple which has risen to a number 3 ranking in Coinmarketcap.com at the time of writing. As we have seen, Ripple is a cost-effective, fast way of sending transactions which has led to more customers wanting to make XRP payments for goods or services.
To address the emerging needs of individuals and businesses looking to accept XRP payments, there are now specialised companies who can deal with the transaction process via a Ripple payment gateway. This is a decentralised payment platform which allows merchants to accept XRP transactions for a lower cost since there is a reduction in the number of intermediaries involved.
Providers of these services can connect you to their platform using a Ripple payment API which enables you to integrate and accept XRP payments on your website. The payment API works by connecting your company’s checkout system to a payment acquiring network, allowing your customers to make purchases from you without having to leave your website to process payments.
The same payment infrastructure also allows you to enable payments in your mobile app, giving you access to real-time purchasing data so you can make more informed decisions. Access to live data is very important in planning your business strategy.
Accepting XRP payments on your website will enable you to capitalise on the current trends and take into account potential future consumers. This will, in turn, allow you to secure your growth by providing a payment service that will differentiate you from the competition. Getting started is a simple procedure and the popularity and growth of Ripple as a payment method has made integrating a merchant account fast and easy. After an initial set up, you’re ready to start accepting XRP.
B2BinPay is a Ripple payment provider/processor with solutions for Merchants and Enterprise clients. It enables businesses to send, receive, store, exchange and accept global cryptocurrency payments online, safely, securely and cost-effectively in minutes.
With B2BinPay, merchants can offer their customers XRP and more as a payment option. Features include low processing fees, no recurring fees, no hidden charges, real-time balance/transaction history, downloadable reports and secure checkout.
Enterprise clients can receive, store and send a large range of virtual currencies including XRP. A secure, reliable and scalable wallet solution from a reputable, industry-leading cryptocurrency payment provider, features include secure API, automatic withdrawals for clients and a sandbox environment for development teams, over 888 coins and tokens supported and advanced real-time reports, together with 24/7 technical support in 7 languages including English, Chinese, Japanese, Arabic, Spanish, Russian and Greek.
Integrating B2BinPay is the ideal business choice for accessing the cryptocurrency markets quickly and facilitating global XRP and other crypto payments. Its expanding user-base includes over 100 cryptocurrency exchanges, forex brokers, online stores and a range of other merchants.
Set up an account today and introduce a new payment mode that will benefit your existing clients, get you new clients, save you money and allow you to gain the competitive edge!