To provide German high-end retailers with the ability to receive payments in cryptocurrency, Lunu, a crypto-terminal operator and payment provider that specializes exclusively in working with premium retailers, and Ripple, trade blockchain Partnership is a well-known provider of solutions.
The partnership is primarily focused on optimizing the exchange of cryptocurrencies for fiat money. Ripple’s Liquidity Hub will be used to solve this task. The platform was developed by the Ripple team to ease cryptocurrency adoption. It can be integrated on a turnkey basis and features an intelligent order routing to get digital assets at optimum prices. In this way, Ripple Liquidity Hub user companies can access crypto from a variety of global locations, including centralized and decentralized exchanges and even OTC locations.
The combined use of RippleNet and Lunu’s point-of-sale (POS) terminals will be helpful in providing an opportunity for high-end and luxury retailers to accept cryptocurrency payments in their stores in Europe and the United Kingdom.
Ripple continues to grow its presence on many continents of the world. After gaining momentum in the Middle East, it is expanding its presence in Europe as well.
The most successful year for the company was 2021, when Ripple managed to double the number of transactions on RippleNet. Currently, the average annual volume of payments on the network is $15 billion.
Ripple’s partner network has the potential to further expand and, as a result, legitimize the use of both the company’s technologies and blockchain in general.