Users can now send fast and cheap BTC payments to merchants, thanks to Ripple tech.
Following the delay and high fee in sending Bitcoin, a new payment platform was launched to enable users to send BTC faster and cheaper to merchants, who accept digital currency as a payment method.
SpendTheBits (STB) is a payment solution launched on Ripple’s XRP Ledger (XRPL) to allow users to send BTC faster and at a relatively low cost to merchants.
The developer of SpendTheBits launched the solution on Ripple in order to leverage the unending payments feature of the leading blockchain, which includes faster, cheaper, and eco-friendly transactions.
“By deploying a user’s bitcoin onto the XRPL, Users get all of the benefits as they will be able to send fast, cheap & eco-friendly payments to merchants,” SpendTheBits said in a recent tweet.
Using @Spend_The_Bits, Bitcoin transfers can be finalized using our platform in a matter of seconds. By deploying a user’s bitcoin onto the XRPL, Users get all of the benefits as they will be able to send fast, cheap & eco-friendly payments to merchants. #XRPL #btc #XRPCommunity pic.twitter.com/AjOMwokklw
— SpendTheBits Inc. (@Spend_The_Bits) September 9, 2022
STB is currently available in Canada, with plans being made to roll out the service to Bitcoin-friendly country, El Salvador. The app is available for download on both Android and iOS devices. Aside from making payments with STB, users can also store their crypto assets on the platform.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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