Fintech 6DOT50 accepts XRP crypto payments

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Digital currency and transactional services company 6DOT50 has added XRP (Ripple), the eighth largest crypto by market cap, as another way for crypto users to access its platform.

The company claims that XRP crypto holders can now use their XRP value to buy digital rand and spend at more than 80,000 online stores and retailers.

The 6DOT50 platform uses digital rand as an easy way for users to store money, send and receive money instantly, and also pay for goods and services without the need to own an account. banking.

6DOT50 account holders can purchase or receive digital rand and redeem its value for products and services available in thousands of stores and online retailers.

The Stellenbosch-based start-up operates one of the largest crypto-to-merchant networks in South Africa and claims that in December alone it processed crypto payments of R500,000.

In addition, 6DOT50 claims to have exceeded the processing of over 1 million Rand of crypto-to-merchant transactions, with Bitcoin and Ethereum accounting for 72% of the value of the crypto payment.

“We are obviously delighted with the exponential growth in crypto transaction values ​​and the positive feedback we have received from our crypto users. Adding XRP as a new way to access our transactional services solution is one more step in making crypto as acceptable as bank card payments on our merchant network, ”said Warren Venter, Founder of 6DOT50.

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