Ripay Might Change the Game in the XRP Payment Sector. With Ripay, you can enjoy cheap and instant XRP transfers.
This application is also going to promote the adoption of the XRP token since millions of people across the globe will be able to access this application. Ripay was the winner of the last XRP Hackathon which was hosted by Ripple and Pay ID. During the hackathon, 360 developers participated and the prize money was $25,000. The goal of the hackathon was to make recruit fresh talent and amazing applications on the XRP ecosystem. The judges of the event were David Schwartz, the CTO of Ripple, Ethan Beard, the SVP of Xpring, and some other industry executives.
While different applications were showcased during the event, the one that got the most attention was Ripay. The application was developed by Kuyawa Kata who said that it is a decentralized application that doesn’t just facilitate the transfer of XRP but the transfer of other forms of money as well.
At a time when the cross-border remittance is more important than ever, apps like Ripay is just what the financial services sector needs. Telegram and Slack aren’t the only apps that are compatible with Ripay. Some other apps that can work with the application are Discord, Matrix, and any other app that can use PayID, the universal payment identifier. Part of the announcement about Ripay was as follows;
“Powered by the Ripple network and the XRP Ledger, it allows you to send money around the world in seconds with nothing more than a simple message like ‘Pay 10 to George,’ and now thanks to the PayID protocol, you can send payments to external users without knowing their Ripple address, ‘just Pay 10 to george$ripay.me’ and the money moves like a message in just a second.”
- New XRP-based Payment Services App, Ripay Launched for Sending XRP Across Applications
- Ripple XRP Gains Momentum, Crossing the $0.2900 Level With Sites at $0.3000
Ripple has always targeted the global financial industry. Even if they are still far from achieving their goal, they’ve gone a long way since they got into the market. While Ripple has many other products. The XRP token is the company’s flagship product.
Over time, Ripple has been able to convince many financial institutions to use the XRP token. One of the latest XRP-based apps is Ripay. With Ripay, XRP holders can send the token to different messaging apps like Slack and Telegram among others.
Ripple XRP Gains Momentum, Crossing the $0.2900 Level With Sites at $0.3000
In other news, XRP has been gaining more momentum against the USD. At the time of writing, the price of the token was $0.299054. It was up by 6.79% against and up by 4.77% against Bitcoin BTC. The trading volume over a 24 hour period is $2,137,417,153 and the market capitalization is $13,433,131,592. The token is gaining momentum rapidly and it will most likely cross the $0.3000 level before the end of the day.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.