The payment solution will be specifically tailored for merchants and consumers.
Frii, a digital loyalty and payment service based in the United Kingdom, has partnered with Xumm, the self-custody wallet for the XRP Ledger. This collaboration aims to deliver a seamless and efficient global cryptocurrency payment solution readily available to merchants and consumers.
The loyalty platform recently disclosed the development through its official Twitter handle, noting that merchants and consumers globally can leverage the solution to pay and accept payments in cryptocurrency.
@XummWallet 🎉 pic.twitter.com/PLs5UYYFUH
— FriiWorld (@FriiWorld) March 7, 2023
The latest development emerged barely three weeks after Frii joined forces with Xumm to introduce their first-ever Xumm cryptocurrency payment point of sale (POS) terminal. The debut of this product took place at a Dutch sandwich bar called 36aWay. The innovative Friipay POS terminal enables customers to make payments using any digital asset stored in their Xumm wallet.
Frii is a hybrid digital platform looking to revolutionize the finance scene with its suite of services, including Friipay, Frii Loyalty, and Frii Couponing.
The Frii Loyalty program provides consumers with a multi-platform digital loyalty and rewards experience. In contrast, Frii Couponing allows merchants to create customized coupons in real-time that are tailored to their specific brands.
The Friipay service aims to allow merchants and consumers to carry out transactions using cryptocurrencies without saddling retailers with a separate payment terminal. Frii’s recent strategic partnerships with Xumm represent part of the platform’s efforts at enhancing this offering.
As The Crypto Basic reported, Xumm and XRPL Labs developers launched a QR payments feature on Feb 17th, allowing users to make XRPL payments at retail stores with the native XRPL wallet.