|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Surfy Integrates XRP Into Its Services, Allowing Users to Make Payments Using the Native Token
Sep 20, 2024 at 02:07 pm
This development is seen as a significant step forward in expanding the utility of the XRP Ledger, especially in real-world transactions involving physical assets.
Surfy, a South Korean crypto payment platform, has integrated XRP into its services, enabling users to make payments and transactions using the native token. This development marks a significant step in expanding the utility of the XRP Ledger, particularly in real-world transactions involving physical assets.
The addition of XRP to Surfy's payment options provides users with the ability to transact with registered merchants, enhancing the accessibility and use of the token in day-to-day transactions in South Korea.
As part of its rollout, Surfy conducted a successful beta test during Korea Blockchain Week (KBW) in early September. The test took place in Seoul’s Gangnam District, with the pilot payment solution deployed at Cafe Valer, a local coffee shop. Customers were able to pay for their purchases using XRP, demonstrating the speed and efficiency of the payment system.
The positive results from this trial have generated interest, particularly from cafes and similar businesses, in integrating Surfy as a payment method. The system allows customers to complete transactions by scanning a quick response (QR) code provided by the merchant, enabling the transfer of XRP funds directly to the shop owner.
One of the key features distinguishing Surfy from traditional payment solutions is its peer-to-peer (P2P) payment functionality, which bypasses traditional financial networks. During a session at the XRP Ledger Zone at KBW on September 4, Jongheon Sung, Surfy’s founder and CEO, highlighted this aspect of the platform. By removing the need for intermediary payment processors, Surfy ensures that transactions remain secure, efficient, and cost-effective.
While still in its testing phase, Surfy has already gained traction among merchants in the Korean market. As more businesses adopt this payment option, the potential for wider use of the digital asset in South Korea continues to grow.
The decision to build Surfy on the XRP Ledger was driven by the network’s scalability and ability to handle large volumes of transactions. The ledger can process approximately 3,400 transactions per second (TPS), with settlement times averaging between 3 to 5 seconds. This high throughput and low transaction costs make it an attractive choice for payment solutions like Surfy.
The Ledger’s capabilities are further enhanced by its Ripple Protocol Consensus Algorithm (RPCA), which ensures that transactions are confirmed in real time without requiring the energy-intensive mining used by other blockchain networks.
The Ledger is undergoing continual development to improve its performance and broaden its use cases. Ripple, the organization behind the ledger, recently announced the introduction of a new token standard designed to better support real-world assets (RWAs) on the network. This development aligns with the planned launch of RLUSD, a stablecoin expected to further boost the ledger’s appeal to institutional users.
This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- $ALCX Airdrop Step-by-Step Guide: How to qualify for ALCHEMIX Airdrop?
- Sep 20, 2024 at 06:25 pm
- Redeeming your blockchain $ALCX tokens is simple! Just go through these quick steps and instantly use your tokens right away.
-
- European Commission Opens Proceedings to Enforce Apple's Compliance with the Digital Markets Act (DMA)
- Sep 20, 2024 at 06:25 pm
- The European Commission recently opened two proceedings to enforce Apple's compliance with interoperability regulations set out by the Digital Markets Act (DMA).
-
- BLUR's Monthly Token Unlocking Event Releases $6.94M Worth of BLUR Tokens
- Sep 20, 2024 at 06:25 pm
- BLUR's monthly token unlocking event has come around once again, with 39.46 million BLUR tokens, valued at $6.94 million, unlocked and transferred from the Blur unlocking contract to the 0x0A0 multi-signature address just 7 hours ago.
-
- UNI Early Investor Transfers $17M Worth of Tokens to Coinbase, Sparking Speculation
- Sep 20, 2024 at 06:25 pm
- Just an hour ago, the address sent 1.19 million UNI to the exchange, valued at $8.01 million.
-
- Celo Surpasses TRON in Daily Active Stablecoin Addresses, Signaling Africa's Stablecoin Breakout
- Sep 20, 2024 at 06:25 pm
- This week at @Token2049, the Celo Foundation and cLabs are making headlines as Celo's daily active stablecoin addresses recently surpassed those of @trondao.
-
- Claim $STRAX Like a Pro — Fast!
- Sep 20, 2024 at 06:25 pm
- Did you qualify for Stratis Airdrop?
-
- Dormant Bitcoin (BTC) Miner Wallets From the 'Satoshi Era' Suddenly Wake Up to Move $15M
- Sep 20, 2024 at 06:25 pm
- Several Bitcoin (BTC) miner wallets that have been dormant for over 15 years suddenly woke up and have moved 250 BTC worth over $15 million.
-
- Whale Activity Spikes for FTM, IMX, and BAT Following the Fed's Interest Rate Cuts
- Sep 20, 2024 at 06:25 pm
- The recent interest rate cuts by the Federal Reserve have triggered a surge in whale activity for key altcoins like Fantom (FTM), Immutable X (IMX), and Basic Attention Token (BAT), according to Santiment, a leading market intelligence platform.
-
- The Decentralized AI Society Launches to Ensure AI Serves Humanity's Broad Interests
- Sep 20, 2024 at 06:25 pm
- Crypto and Web3 industry leaders launched the Decentralized AI Society (DAIS), an umbrella organization helping builders of decentralized learning models, data providers, hardware suppliers and advocates of safe and beneficial AI to collectively ensure that artificial intelligence serves humanity's broad interests rather than a select few tech giants.