XRP joins Ethereum, Litecoin, and Bitcoin Cash as payment option
Swiss precious metals dealer Suisse Gold now accepts XRP for purchasing gold and other valuable metals.
This integration enables customers to buy gold, silver, platinum, palladium, and rhodium using XRP, the native token of Ripple.
Suisse Gold has also implemented real-time pricing in XRP for all its products, reflecting current market values of both precious metals and the cryptocurrency.
This addition expands Suisse Gold’s cryptocurrency payment options, which already include Ethereum, Litecoin, and Bitcoin Cash.
XRP is gaining traction as a preferred cryptocurrency for cross-border payments and settlements due to its fast transaction speeds and low fees.
The adoption of XRP by Suisse Gold follows a trend of increased institutional acceptance.
In July, Web3 Enabler also integrated XRP as a payment option.
Moreover, there are reportedly over 1,700 companies which are now accepting XRP for trade settlements.
Buying precious metals with cryptocurrency on Suisse Gold’s platform is simple.
Customers can select XRP as their preferred currency, choose their desired products, and complete the checkout process by selecting the Ripple payment option.
The transaction is typically processed within minutes, offering a quick and efficient buying experience.
Using XRP for purchases eliminates foreign exchange fees and processing charges often associated with traditional payment methods like credit cards or PayPal.
This can result in significant savings, especially for larger orders of precious metals.
The integration of XRP as a payment option by established companies could potentially influence the cryptocurrency’s market performance.
At the time of this writing, XRP price was trading at $0.59, showing a 4.24% increase over 24 hours.
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