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July 28, 2020Blog Posts

A Ripple Executive Sets up a Digital Wallet for One-Click Checkout With XRP

Digital Transactions

The big card networks have been introducing a one-click e-commerce checkout and plan to take it overseas by next year, but now a Ripple Labs Inc. executive may beat them to the punch with a single-click capability for Ripple’s XRP cryptocurrency.

In what he characterizes as a “personal project,” Ripple director of product Craig DeWitt announced some enhancements over the weekend that add instant person-to-person payments capability and one-click checkouts to Payburner, a digital wallet for XRP that DeWitt introduced in December.

The new features, which are part of a beta launch, also include an integration with PayID, a cross-network routing standard introduced in June by the Open Payments Coalition, a group of 46 payments companies that includes Ripple. The standard looks to attach an identifier that allows transactions to flow to and from accounts without the need for bank-account numbers.

To receive instant payments via the new streamlined checkout, online merchants must have incorporated a Payburner wallet, but buyers need only be able to spend XRP. “Anyone with a website can receive XRP payments easily,” writes DeWitt in his post. The new feature, he adds, is aimed at sellers of both physical and digital goods. 

Source

Ripple logo and symbol, meaning, history, PNG

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