What is Ripple as a Payment Method (What is Pay Payment)
What is Ripple as a payment method? According to the latest official news from
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What is Ripple as a payment method? According to the latest official news from Ripple, Ripple can complete transactions for receiving, sending, and paying through transfers between xRapid and XRP. Currently, there are many different forms of digital assets, such as Bitcoin, that can be exchanged through xCurrent or Ethereum. These tokens are called “Ripple” because they do not use blockchain technology to achieve decentralization, so there is no way to convert this currency into other cryptocurrencies or fiat currency. However, due to a large number of users worldwide using cryptocurrencies like Bitcoin and Ether to purchase, store, and sell goods and services, there is significant investment in Ripple in the first half of this year, with approximately $2.5 billion invested according to CoinGecko data. Some large investors, including Grayscale hedge fund company, have also entered this market and hold a large amount of XRP.
What is Pay Payment
According to official sources, Pay Payment is an application launched by PaySquare in September 2019. Pay Payment is supported by a decentralized platform based on blockchain technology, allowing users to make peer-to-peer payments and consumptions without any intermediaries. Pay can help people receive digital currency payments and complete online shopping, transfers, and other business transactions through the use of electronic devices. Currently, this project is still in the concept verification stage and is in preparation.
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