BitPay, one of the leading crypto payment service providers, has announced its support for Ripple’s XRP. This comes weeks after CoinFlip also added XRP to its list of supported cryptocurrencies. With these integrations, users worldwide can now purchase XRP on the BitPay app, swap it for different assets, or store it in BitPay’s built-in wallet.
BitPay’s support for XRP allows users to spend the cryptocurrency at hundreds of BitPay-supported stores around the world. To use XRP on the app, users need to open the app, locate and click on the XRP wallet, then click on send. They will then enter the receiver’s wallet address, the amount to be sent, and confirm the payment. In addition to spending XRP, users can also buy and swap XRP on the platform, as well as store their assets in the BitPay wallet.
The integration of XRP into both BitPay and CoinFlip has generated excitement in the crypto community. Many believe that these partnerships could be a catalyst for a bull run for XRP. However, some users have reported issues with making payments via debit cards on the platforms.
CoinFlip’s support for XRP is significant as it expands its presence to Puerto Rico, Canada, and Australia. CoinFlip, named the number 1 fastest-growing business in Chicago for two consecutive years, has seen exponential demand for XRP following the recent court ruling in the case between Ripple Labs and the US Securities and Exchange Commission. The ruling provided regulatory clarity for XRP, restoring confidence in the crypto industry. CoinFlip’s CEO and co-founder, Ben Weiss, expressed excitement about empowering individuals with another powerful tool to navigate the evolving digital economy.
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Despite the recent price decline of XRP, it has been tipped for greatness if it can secure more partnerships and collaborations, as well as attract institutional investors. An industry expert predicts a potential bull run for XRP that could see its price reaching $8.5. However, currently, XRP is trading far below its yearly high of $0.93, with a price of $0.504514. It has fallen by 20% in the last seven days, 36% in the last 30 days, and 0.21% in the last 24 hours.
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In conclusion, the recent integrations of XRP by BitPay and CoinFlip have opened up new opportunities for users worldwide. With the ability to spend, swap, and store XRP, these platforms are making it easier for individuals to engage with cryptocurrency and navigate the evolving digital economy. Despite recent price declines, there is still optimism about the potential for XRP to experience a bull run, especially with increased partnerships and institutional interest.
