Ripple Partners With Lunu as Berlin Based Luxury Retailers Accept XRP Payments


Ripple, a famous fintech company, has launched a partnership with cryptocurrency payment platform Lunu. This partnership will enable luxury retailers in Berlin to accept cryptocurrencies as a form of payment for goods and services.

Today, the fintech company stated that retailers would use its Liquidity Hub to accept crypto payments. Liquidity Hub is a product of Ripple that aims to foster long-term crypto adoption.

About Lunu’s Crypto Payment Solution

So far, Lunu has provided luxury retailers with a means to accept cryptocurrency payments using its Point of Sale (POS) terminal and online widget.

Top luxury brands have widely adopted crypto payment services in Europe and the United Kingdom, including Steven Stone, Farfetch, Off-White, and Browns.

Interestingly, retailers that use Lunu can receive payments using the following cryptocurrencies: Bitcoin (BTC), Binance Coin (BNB), Ripple (XRP), Tron (TRX), USD Coin (USDC), USD Tether (USDT), and Ethereum (ETH).

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Ripple Partnership Continues to Expand

The fintech company is currently facing an ongoing lawsuit against the SEC, but that has not stopped the growing demand for the blockchain company’s services.

The rising demand for Ripple’s services does not come as a surprise, given that several traditional financial institutions in Europe have indicated an interest in blockchain-related solutions.

According to New Value’s research, 70% of respondents believe that the blockchain would positively contribute to their businesses in five years. On the other hand, 59% noted that they would adopt crypto payments.

Furthermore, Ripple led the crypto industry by processing over $15 billion worth of transactions on behalf of its clients using RippleNet last year.

Although Luna’s services have tried to meet its clients’ needs, the recent collaboration will improve the cryptocurrency payment provider’s offering.

The announcement also stated that Ripple’s Liquidity Hub would further boost Lunu’s services, enabling its clients to speed up the acceptance of digital currencies, optimise the conversion of cryptocurrencies to fiat at competitive prices, and faster lower-cost transactions.

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