No Comments

Cryptocurrency XRPayNet Offers BNPL Service – pymnts.com

The cryptocurrency XRPayNet says it wants to compete with companies like Klarna and AfterPay and offer customers what it calls one of the first buy now, pay later (BNPL) options in the crypto industry.
The company announced the XRPayNet app in a news release Monday (Jan. 10), saying it would provide an interface for micropayments processed by the XRP ledger, ensuring low transaction costs and ultra-fast speeds.
“We aim to capture and overcome the current needs of real-life and on-demand crypto payment systems that are increasingly demanded by people and businesses across the globe,” the company said in the release.
XRPayNet says the app includes a payment interface for online and in-store retail transactions, business-to-consumer payments, built in solutions for direct payments and BNPL features.
However, the company says it has no interest in competing with companies like the blockchain solution provider Ripple.
“Our goal is to change the world of payments forever by focusing on transforming the world of online and in-store payments, enterprise-to-consumer payment markets (plumbers, electricians, etc.) and peer-to-peer transactions,” XRPayNet said. “Ripple and XRP are currently entering the market with a focus on the interbank and international payment markets. We aim for the market for everyday transactions and micropayments.”
Last year, Ripple unveiled plans for a platform that would let users buy, sell and hold digital assets. The Ripple Liquidity Hub will help enterprises access deep liquidity within markets and expedite the transition to cryptocurrency.
See also: Ripple Plans Crypto Trading Platform for FIs in 2022
BNPL firm Affirm also announced it was entering the bitcoin space last year, with CEO Max Levchin saying his company was developing a feature that would let customers buy and sell cryptocurrencies from their savings accounts, although he did not specify a time frame for this.
“It’s time for Affirm to support cryptocurrencies in a way that feels organic to us,” Levchin said. “We will soon leverage our savings accounts to seamlessly enable crypto ownership.”
Read more: Affirm Plans to Add Crypto Trading to Woo Younger Investors
——————————
NEW PYMNTS DATA: AUTHENTICATING IDENTITIES IN THE DIGITAL ECONOMY – DECEMBER 2021

About:More than half of U.S. consumers think biometric authentication methods are faster, more convenient and more trustworthy than passwords or PINs — so why are less than 10% using them? PYMNTS, in collaboration with Mitek, surveyed more than 2,200 consumers to better define this perception versus use gap and identify ways businesses can boost usage.
Successful Main Street business owners have always had to be resourceful and quick-thinking, but these capabilities have been tested more than ever…
Most companies are digitizing their accounts receivable (AR) and accounts payable (AP) systems if they have not already done so, PYMNTS research…
Around the world, in the competitive food delivery category, the win condition is shifting. Where in 2020 and 2021, the goal was…
You have successfully joined our subscriber list.
© 2022 What’s Next Media and Analytics™

source

You might also like

More Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Menu