The post Ripple News : XRP Payments Now Live in South Korea appeared first on Coinpedia Fintech News
The XRP Ledge has just taken a huge step towards making payments simple. A payment solution based in South Korea known as Surfy has integrated XRP into its system. This means users can purchase items with XRP now. Currently, this is only available with selected merchants in South Korea but we know the adoption of Ripple is real. This is the real world utility of crypto.
Buy Coffee With XRP
Imagine walking into a cozy coffee shop in Seoul’s busy Gangnam District, ordering your favorite cup of coffee, and paying with XRP. That’s exactly what happened during the Korea Blockchain Week (KBW) in early September. At Cafe Valer, customers used Surfy’s system to make real payments with XRP in a smooth and fast process.
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
This is a real shift in how payments can happen. The Surfy platform uses a simple QR code system, where customers scan and transfer XRP directly to the merchant. No banks, no extra steps. According to Surfy’s CEO, Jongheon Sung, they’ve built the system to allow peer-to-peer payments, making transactions quicker and more seamless.
Even when this is just a trial, it’s already gaining traction in other cafes across South Korea. Instead of getting cash or card out of your pocket and waiting for the transaction to go through, how cool is it to just scan a QR code and make a lightning fast payment with XRP.
The Speed and Scalability of XRP
Why is Surfy using XRP? The answer is pretty simple: XRP is really fast as XRPL can handle around 3,400 transactions per second, with payments settling in just a few seconds. If you’re buying a coffee, waiting around for a payment to go through isn’t ideal. With Ripple, it’s almost instant.
Ripple, the company behind XRP, has been focused on making cross-border payments quicker and cheaper for a while now. But this is different. This is bringing cryptocurrency into people’s everyday lives. And that’s just the beginning. Ripple has plans to roll out even more features on the XRPL, like a stablecoin and token support, which could further boost the network’s appeal.
XRP Chart : Breakout Is Coming
For almost a month, XRP has been moving in a symmetrical triangle and now the breakout is near. In such a situation, price can break out on either side however, XRP chart suggests an upward movement. Ripple is making higher lows with lower highs, that shows the systematic upwards shift of the support level. Currently, trading at $0.579, the price is poised to break about $0.6 now. Multiple factors like winning the legal battle, getting relisted on Robinhood and becoming a payment method for daily use items, all support the claim.
The current price of XRP, hovers over all the moving averages in a daily chart. In addition to that, a golden cross over has formed in the chart suggesting an upwards movement. The RSI has also risen above 50 points.
Robinhood Rekists XRP
South Korea isn’t the only place where Ripple is making headlines. Robinhood, the popular trading platform, recently relisted XRP, which is a big thing. After Ripple’s legal victory, it seems like investors and platforms are starting to feel more confident and comfortable with Ripple again. This relisting gives a huge boost to Ripple token in visibility and access to a broader user base.
It’s one thing to be able to buy a cup of coffee with XRP, but it’s another to see major platforms like Robinhood showing renewed trust in the cryptocurrency. The more places XRP is accepted, the more people will start using it and that could pave the way for even greater adoption in the future.
