- XRP is now available for direct purchase, storage, and management via MoonPay, a popular platform for crypto payments.
- MoonPay’s XRP integration follows Ripple’s legal victory, marking another step in XRP’s expanded accessibility.
- Ripple USD (RLUSD), a stablecoin pegged to the U.S. dollar, is expected to launch soon, with MoonPay supporting its integration.
XRP, the seventh-largest cryptocurrency, is now available for direct purchase, storage, and management through MoonPay. This integration brings XRP to a broader audience by enabling transactions through fiat currencies via popular payment methods like Apple Pay, Google Pay, and bank cards.
About MoonPay’s Role in Crypto Payments
MoonPay, a financial technology company, provides a seamless payment infrastructure for cryptocurrencies and NFTs. Known for bridging the gap between fiat and crypto, it allows users to buy and sell digital assets using familiar payment options. Consequently, the addition of XRP to MoonPay’s platform marks a significant expansion in the availability of this digital asset.
Since XRP achieved its nonsecurity status after last year’s SEC v. Ripple lawsuit, its prominence has grown. Besides, this latest MoonPay integration was expected, as the cryptocurrency gained legal clarity. The direct availability of XRP on MoonPay gives users another easy-to-use avenue for engaging with the digital currency.
Connection to Ripple USD (RLUSD) Stablecoin
Moreover, the timing of this move aligns with Ripple’s upcoming launch of Ripple USD (RLUSD), a stablecoin pegged to the U.S. dollar. MoonPay is set to be one of the first platforms to support RLUSD, which will operate on the XRP Ledger (XRPL) and Ethereum networks. Hence, the inclusion of XRP in MoonPay’s ecosystem ties closely to Ripple’s broader financial strategy.
Increasing Enthusiasm Surrounding Ripple USD
Although an official launch date for RLUSD is yet to be confirmed, excitement is building among cryptocurrency enthusiasts. The strategic integration of XRP into MoonPay’s services highlights the growing momentum around Ripple’s expanding ecosystem.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
