CoinGate Enables XRP Payments At Over 4,500 Online Shops (cryptoglobe.com)
On Friday, cryptocurrency payment processor CoinGate announced that it had added support for XRP payments.
CoinGate’s blog post says that XRP support had been added due to “Very popular demand by the community,” and that this means “XRP coin owners can now use it as a means of payment at more than 4,500 shops online.” It goes on to say that once merchants that use CoinGate as their crupto payment processor start receiving XRP payments, “They will have an option to instantly settle the revenue in Euros, Bitcoin, Ether, or keep the funds in XRP.”.
“Some might say that the network is not completely decentralized because at first, the significant part of servers was controlled by a single company. However, this is not really the case. In fact, there is an ongoing decentralization strategy in place for the further stages of XRP ledger development. Basically, XRP ledger will have even more 3rd party validators joining the club. For each two trusted and highly secure nodes, one node run by developers will be removed. It will further decentralize the network and scale it to better performance at the same time. In fact, to further accelerate the decentralization of the XRP network, we are now running our own XRP Ledger validator!”.
Finally, CoinGate says that it also allows XRP to be purchased using one of the various supported methods, such as via debit/credit cards or bank transfer.
Original article reduced by: 50%
Read the full article here.
Related story: Wyoming Passes Bill To Recognize Cryptocurrencies As Money (cointelegraph.com)
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