Crypto payments venture CoinGate just launched support for XRP to customers, which will enable users to pay in XRP to various vendors across the net. The company announced in a tweet.
With this new addition, merchants that employ the CoinGate payment gateway will be able to apply XRP in receiving their own payments.
According to the firm, using the service “XRP coin owners can now use it as a means of payment at more than 4,500 shops online.” CoinGate notes that, by offering what it defines as the first native XRP payment processing service, it hopes “to significantly boost its utility.”
Customers also have the option to settle a transaction in Euros, Bitcoin, Ether or simply keep the funds in XRP. Ultimately, CoinGate sees this as a logical addition to its platform, which currently supports nearly 50 different coins.
The CoinGate team said that while they did study the technology behind the coin, the decision to add support for XRP was made acknowledging the high demand for the toke in the XRP community.
We are thrilled to let you know that we are adding yet another payment option for our merchants, and this time it’s a big one! Due to very popular demand by the community, our next cryptocurrency on the list – XRP! As a result, XRP coin owners can now use it as a means of payment at more than 4,500 shops online! Whether you want to purchase a VPN, video game or anything else, you are more than welcome to do that!”