Cryptocurrency payment processor CoinGate has added Ripple’s native token XRP to its payment options for merchants, a company tweet revealed February. 1.

According to the firm’s incidental blog post, using the service “XRP coin owners can presently use it as a way of payment at over 4,500 shops online.” CoinGate notes that, by providing what it defines as the first native XRP payment processing service, it hopes “to considerably boost its utility.”

The company’s customers using this service reportedly have the choice of instant settlement in euros, Bitcoin (BTC), Ethereum (ETH) or XRP.

In july 2018, CoinGate launched a pilot program for one hundred merchants to test transactions on a Bitcoin Lightning Network version of their service.

As Top Market Group recently reported, U. S. merchant services provider Aliant Payments has declared it'll provide free crypto transaction processing to some merchants.

Also, news recently broke that Japanese finance giant SBI Holdings outlined the implementation of technologies by Ripple and blockchain consortium R3 as a significant part of its strategy to alter a worldwide standard for financial operations, like international payments and trade finance. The firm conjointly noted Ripple’s potential for cross-border payments.

To know more on Cryptocurrency and Blockchain events, follow us on Facebook, YouTube,  Twitter, LinkedIn, Reddit, Telegram, BitcoinTalk, and we are also on Medium now