BitPay is excited to announce that XRP is live on our platform. This means cryptocurrency consumers now can spend XRP with BitPay merchants and clients can pay BitPay invoices with a digital asset designed for global payments.
With XRP's addition, BitPay now supports seven digital assets (BTC, ETH, XRP, BCH, USDC, GUSD, and PAX) that make up roughly 80% of the total market capitalization for all cryptocurrencies.
BitPay's customers and the XRP community are already excited about this addition. Egifter's CEO Tyler Roye said:
“We’re excited to add XRP as a payment option on the eGifter platform, and we welcome XRP early adopters in the same way we did those of Bitcoin in 2014.”
Ethan Beard, Senior VP of Ripple's developer platform¸ Xpring, said:
“BitPay provides new and practical opportunities for the utility of digital assets. We hope to build upon this progress, to make it easy for everyone to integrate money into their apps. We’re excited to further our partnership with BitPay and enable the use of XRP for everyday purchases, which benefits merchants and consumers alike."
If you're wondering why a digital asset like XRP on a platform like ours would help with global payments, check out our blog post, The Problem with Cross-Border Wires and Why BitPay's B2B Business is up 250%.