On June 7, Lunu, a crypto terminal operator and payment provider, teamed up with Ripple, a well-known supplier of business blockchain solutions, to allow high-end German retailers to accept crypto payments.
The collaboration’s main aim is to maximise the conversion of cryptocurrency to fiat cash. This assignment will be completed using Ripple’s Liquidity Hub. The Ripple team created this tool to make crypto adoption easier. It may be integrated into turnkey and features sophisticated order routing to ensure that digital assets are received at the best possible price. As a result, corporate customers of Ripple Liquidity Hub may obtain crypto from a variety of worldwide locations, including centralised and decentralised exchanges, as well as OTC sites.
Ripple’s global reach is expanding across numerous continents. It is expanding its influence in Europe after finding traction in the Middle East. The partnership of RippleNet and Lunu’s POS terminals will be important in enabling high-end and luxury retailers in Europe and the United Kingdom to accept cryptocurrency payments.
Ripple’s most successful year was 2021, when the business doubled the number of transactions on RippleNet. Currently, the network’s average yearly payment volume is $15 billion. Ripple’s partner network is anticipated to grow further, therefore legitimising the usage of the company’s technology and blockchain in general.
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