The Director of Product at Ripple just launched a Ripple-based e-commerce and payments platform Payburner as we are reading more in the upcoming Ripple XRP news.
In a new Twitter threat, Craig DeWitt said that Payburner is designed to make it hard to send and receive payments because the new product started as a side project that functions as a non-custodial wallet. DeWitt said that the responsibility of storing funds safely falls on the users as the payments platform will not have access to their password.
Payburner allows users to send and receive payments using PayID and the users can set up their ID when they sign up and they can share to enable instant global payments. In order to send payments, users can input the PayID of the recipient, simply enter the amount of XRP to send and click send. To request the payment, users can input the PayID of the person that they are requesting the money from and they can enter the amount requested and add optional messages.
The platform offers one-click e-commerce payment capabilities and DeWitt said that the merchants have to use a Payburner account to enjoy the easy-to-use checkout feature. To conduct the process, the Ripple director of product pointed out that they are done integrating the plugin with WordPress so they can make it available to more than 455,000,000 websites. DeWitt said that they plan to charge a minimal fee:
“We expect to make money from the one-click merchant payout experience by requesting payments from merchants at 1% of their received XRP e-commerce purchases. Peer to peer payments and peer to peer requests are not charged any fee.
Payburner does not have the ability to withdraw funds from any account and we are not in the middle of any transactions, so we send requests to merchants for fee collection.”
— Payburner (@payburner) June 29, 2020
DeWitt noted that the Payburner plugin supports Brave browser and Chrome with the promise that the platform will be available in other browsers and Android apps and iOS.
In the recent Ripple price news, The Ripple mathematical analysis shows whether XRP is able to ever reach the $26 price position as it is often the butt of many jokes due to its underperformance. One of the biggest jokes regarding XRP is the idea for a $589 per token which is basically mathematically impossible.
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