According to a press release shared with Bitcoinist, the XRP-based wallet Xumm partnered with the loyalty program platform Friiworld. The partners launched a crypto payment system in the Netherlands to bridge traditional business with the advantages of digital assets. Related Reading: Bitcoin Active Addresses Stay Low, Rally Unsustainable? XRP’s price moving sideways on the daily chart. Source: XRPUSDT Tradingview Traditional Business Can Embrace XRP Payments With Xumm Product Per the release, Xumm and FriiPay launched a new point of sale (POS) payment solution in the European country. The solution will allow companies to push payment, digital coupons, and validate transactions with the XRP-based Xumm wallet. Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today! The first company to integrate the product with its business model is 36aWay. The owner of the company, Akin Sariyildiz, stated the following about integrating XRP payments: I like the part where there’s no banking involved to use this innovative and secure payment method. Now we are set for the future of payments, and we hope we have enabled other shops to do the same! The partners’ ultimate objective is to combine the power of crypto payments with mainstream POS for everyone, even people unfamiliar with the technology. Customers can use the digital assets on the Xumm wallet and pay on a legacy POS. The payment solution supports the Xumm wallet, the XRP Ledger (XRPL), and traditional payments rail via Visa and Mastercard. Thus, merchants can offer customers access to new payment options while retaining traditional choices. FriiPay CEO Farhaan Dawood said: BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? 570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild. io. Play Now! Brands will be able to push digital coupons that will be visible in the Xumm wallet and will be validated using POS application and the ledger. This strategy will allow us to bring non-cryptocurrency consumers into our world. In the future, the partners will seek to continue to disrupt the payment sector by providing merchants and customers with “bespoke options free of the constraints of traditional finance,” per the release. “When Xumm debit card?” Never. Legacy payment networks & systems bring the same inefficiencies & costs we’re fixing. Which is why we’re SUPER excited the very first @FriiWorld “Pay with Xumm” (XRPL QR payments) POS terminal was installed yesterday. One terminal: card & Xumm. pic. twitter. com/Im1Pna0d36 — Xumm Wallet (@XummWallet) February 16, 2023 Related Reading: Polygon (MATIC) Sets Sights On Cardano’s Spot After Flipping Dogecoin Wietse Wind, CEO at the company that created Xumm, XRPL Labs, stated that the payment solution will allow customers to pay for their products with “anything. ” When using crypto for payment, the solution will convert the amount into Euros, U. S. Dollars, or British Pounds. Wind added : There’s much more than just XRP on Xumm; I have some CasinoCoin, Gatehub EUR, Bitstamp USD, Stably USD, GBP, etc. For the assets with sufficient liquidity (buy/sell offers on the DEX) the XRPL allows me to send one of those coins and deliver it as whatever the store asks for. Share Tweet Share Share Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Sign Up I consent to my submitted data being collected and stored. Leave this field empty if you're human: Reynaldo Marquez Related Posts Ripple Further Expands Into UAE, Payments Provider Will Use XRP 14 hours ago Will Ripple Sign Singapore As Its Next CBDC Customer? This Is Why 4 days ago Ripple Vs. SEC: Forbes Journalist Files Motion For Access To Hinman Docs 5 days ago Ripple Provides $1 Million In XRP For Earthquake Relief In Turkey And Syria 6 days ago Here’s Why Ripple CEO Garlinghouse Is Optimistic About the Future 2 weeks ago Leak Reveals SEC Will Make Major Announcement Today, Ripple Settlement? 2 weeks ago.