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- Surfy’s platform in South Korea allows cafes to accept XRP payments via QR code, enabling fast, seamless transactions.
- Ripple’s expansion of XRPL includes NFTs, smart contracts, and DEX, enhancing its ecosystem for broader adoption.
XRP recently took a big step toward greater adoption in South Korea, when it was incorporated as a payment option via the Surfy platform.
This breakthrough was part of a beta test held during Korea Blockchain Week in Seoul earlier this month, and it represents an exciting milestone for the cryptocurrency. During the test, consumers were able to buy using XRP at Cafe Valer, a renowned coffee shop in Gangnam District.
Picture this: you're at a café in the Gangnam District and you just paid for your coffee with XRP—fast and seamless! ☕
Hear from Jongheon Sung at the #XRPLZone Seoul on how @surfyxyz is driving innovation in crypto payments with the XRP Ledger! 🏄🇰🇷 pic.twitter.com/lHjIcymZTE
— RippleX (@RippleXDev) September 17, 2024
Surfy’s QR Code System Simplifies XRP Payments for Consumers and Merchants
This showcased XRP’s real-world use by exhibiting its potential for rapid and seamless transactions in consumers’ daily lives. The ability to make purchases using cryptocurrency, especially in such a high-traffic area, demonstrates growing confidence in XRP as a viable payment mechanism.
Surfy’s solution is intended to make transactions simple and efficient for both customers and merchants. It lets companies accept XRP payments via QR code, allowing for direct fund transfers without the use of traditional payment networks or intermediaries.
This streamlined solution removes many of the hurdles to fiat transactions, increasing speed and cost-effectiveness.
According to the founder of Surfy, Jongheon Sung, the system takes advantage of the XRP Ledger’s scalability and efficiency, which can execute about 3,400 transactions per second with settlement times of only three to five seconds.
Surfy’s approach has already begun to gain popularity in South Korean cafes, and the company aims to expand its reach even further. This move highlights the growing importance of cryptocurrencies in everyday transactions, particularly in technologically advanced markets.
Robinhood Relisting Signals Growing Confidence in The Ripple Token
In addition to advances in South Korea, XRP is gaining traction abroad. Recently, as we previously noted, the Robinhood platform has relisted XRP, which was viewed as a huge vote of confidence in the cryptocurrency’s future.
This decision came after Ripple’s judicial victory, which increased hope about the digital asset and opened the road for its widespread adoption.
The relisting on Robinhood is particularly notable since it places XRP on a platform that is accessible to a wide spectrum of retail investors, hence helping to the growth of XRP’s user base.
This increased acceptance on key sites represents a shift in opinion, as investors and users alike see XRP as a solid and reputable crypto.
Furthermore, Ripple continues to improve the XRP ecosystem. As we previously reported, the company is awaiting permission from the UK’s Financial Conduct Authority (FCA), which might occur as early as December 2024. This approval might be a significant step toward a potential IPO in London in 2025.
Meanwhile, Ripple is rapidly growing the XRP Ledger with new features including NFTs, smart contracts, DEX, and AMM. These upgrades are expected to bolster the ecosystem, making XRP more adaptable and appealing to both users and developers.
As of this writing, XRP is trading at around $0.5855, up 2.21% over the last 24 hours. The recent price increase has increased its market value to be more than $32 billion.
