Ripple, a leading business blockchain solutions provider, has partnered with crypto-terminal operator and payment provider Lunu to enable German luxury and high-end retailers with premium retailers to receive payments using crypto.
With the new partnership, retailers will be able to exchange crypto for fiat money where the Ripple Liquidity Hub platform will be used. The platform was created by the Ripple team to aid mass crypto adoption.
The platform can also be integrated on a turnkey basis as well as feature an intelligent order routing that will enable retailers to get their digital assets at the best prices.
Additionally, companies that have integrated the platform will be able to seamlessly access cryptocurrencies around the world, including decentralized and centralized exchanges and OTC locations.
The combined use of Lunu’s point-of-sale (POS) terminals and RippleNet will go a long way in providing luxury and high-end retailers in the United Kingdom and Europe with opportunities to adopt crypto payments in their stores.
wave in europe
Ripple has continued to firmly establish its presence in most of the continent and after gaining traction in the Middle East, it is now on its mission to dominate Europe.
Although 2021 was one of the most successful years for Ripple after it managed to double its transactions on RippleNet, now, the average annual payment volume on the network stands at $15 billion. In addition, the company’s use of blockchain and other technology, in general, has contributed to its wide partnership network.
