The latest crypto news show that the adoption of cryptocurrencies has a major impact on the distribution and acceptance by the population and companies alike. For instance, Ripple is one of the companies that provides payment solutions to enable cross-border transactions to be processed in a shot period of time. In the latest updates, we can see that a new app will allow XRP to be sent to millions of people via well known apps such as Telegram or Slack.
The Xpring CEO Warren Paul Anderson spoke at the PayID Hackathon, unveiling the feature and announcing the winners. The Hackathon was supported by Ripple and aimed to explore new use cases for XRP and PayID.
Anderson, along with the Ripple CTO David Schwartz and Ethan Beard (the SVP of Xpring) summarized that the proposals submitted exceeded the jury’s expectations in many different areas. Ripay was the solution that received the most attention in the community – which is exactly the new app will allow XRP to be sent to millions of people.
The programmer behind Ripay, Kuyawa Kata, explained that the decentralized application was created to facilitate the sending of money worldwide. With Ripay, XRP can be sent to millions of people thanks to an interface that is compatible with messaging apps such as Telegram, Discord, Slack or Matrix, using the universal payment identifier PayID:
Powered by the Ripple network and the XRP Ledger, it allows you to send money around the world in seconds with nothing more than a simple message like ‘Pay 10 to George,’ and now thanks to the PayID protocol, you can send payments to external users without knowing their Ripple address, ‘just Pay 10 to george$ripay.me’ and the money moves like a message in just a second.
The new app will allow XRP to be sent to people in minutes via big networks such as Telegram, Slack, Discord and Matrix. Ripay support the adaptation of XRP for millions of people worldwide, using messenger services whose user numbers are increasing every single day. We are sharing a video that describes how Ripay works:
While Ripay is the new app which is viral in the Ripple news because of the XRP payments option, many banks are apparently exploring these features and potentially discovering ways to benefit from this technology.
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