will XRP Price Rally in 2024
Suisse Gold, a Swiss precious metals dealer, announced that it now accepts XRP as a payment option for purchasing gold and other valuable metals. The integration allows customers to buy gold, silver, platinum, palladium, and rhodium using XRP, the native token of Ripple.
XRP Joins Ethereum, Litecoin, and Bitcoin Cash As Payment Option
Suisse Gold has also implemented real-time pricing in XRP for all its products, reflecting current market values of both precious metals and the cryptocurrency. This addition expands Suisse Gold’s cryptocurrency payment options, which already include Ethereum, Litecoin, and Bitcoin Cash.
XRP has been gaining traction as a preferred cryptocurrency for cross-border payments and settlements. Its fast transaction speeds and low fees make it an attractive option for businesses looking to streamline their payment processes.
The adoption of XRP by Suisse Gold follows a trend of increased institutional acceptance. In July, Web3 Enabler also integrated XRP as a payment option. Additionally, there are reportedly over 1,700 companies which are now accepting XRP for trade settlements.
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Buying precious metals with cryptocurrency on Suisse Gold’s platform is simple. Customers can select XRP as their preferred currency, choose their desired products, and complete the checkout process by selecting the Ripple payment option. The transaction is typically processed within minutes, offering a quick and efficient buying experience.
Steps for purchasing gold with XRP on Suisse Gold. Source: Suisse Gold XRP Eliminates Foreign Exchange Fees
Using XRP for purchases eliminates foreign exchange fees and processing charges often associated with traditional payment methods like credit cards or PayPal. This can result in significant savings, especially for larger orders of precious metals.
The integration of XRP as a payment option by established companies like Suisse Gold could potentially influence the cryptocurrency’s market performance. At the time of this writing, XRP price was trading at $0.59, showing a 4.24% increase over 24 hours.
XRP/USD Daily Price Chart. Source: CoinMarketCap
The post Suisse Gold Adds XRP to Payment Options for Precious Metals appeared first on CoinChapter.
