Accept XRP payments | CoinGate (2024)

XRP is the native currency of an open-source, distributed ledger database called XRP Ledger, which runs a digital payment platform by the name RippleNet. Created by the company Ripple, today XRP is a fast, less costly and highly scalable alternative that is being developed to compete with both other digital assets and payment platforms like SWIFT.
At this moment, the main XRP Ledger use cases are payments, tokenization, DeFi, CBDCs, and stablecoins.

While XRP ledger is super beneficial for facilitating international money transfers without currency conversion, or sourcing liquidity for banks and money service businesses, it is also very well optimized for casual everyday payments as transactions are processed in seconds and cost close to nothing, making it a popular payment currency amongst crypto communities. Here’s evenmore reasons to accept XRP payments.

Businesses from +70 countries can use CoinGate services and accept XRP payments. See if your country is on thesupported countries list.

Crypto payment gateways provide a complete infrastructure and tools for merchants to conveniently accept cryptocurrency payments, including XRP.

XRP transactions are publicly verifiable, transparent, and peer-to-peer, meaning they are entirely safe.

XRP payment method is viable for any business as long as it has an online presence, a product to sell, or a service to provide.

The laws surrounding cryptocurrencies vary country by country. Check with your local government.

No, banks do not usually accept XRP.