Surfy, a South Korean payment system, has integrated XRP into its platform, enabling users to purchase items using the cryptocurrency. Currently, this feature is available with selected merchants in South Korea, showcasing the real-world utility of cryptocurrency.
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. 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 XRP Ledger, like 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, the 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 above $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.
South Korea isn’t the only place where XRP is making headlines. Robinhood, the popular trading platform, recently relisted XRP after Ripple’s legal victory, which is a big thing. As more places accept XRP, its usage will expand, potentially leading to even greater adoption in the future.
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