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CoinGate Now Running Ripple’s XRP Ledger Validator

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CoinGate Now Running Ripple’s XRP Ledger Validator

The relationships between Ripple and big firms are beginning  yield. Today, Lithuania-based CoinGate, a gateway for blockchain payment, has started running an XRP Ledger Validator.

Above is an outcome of the “chit-chat” between CoinGate’s CEO, Dmitrijus Borisenka, CoinGate’s Head of Product Šarūnas Matulevičius, and Senior Vice President of Ripple Ethan Beard .

The three, who met at the Slush 2018, agreed on undisclosed mutual plan for 2018 and this has started materializing.

CoinGate announced in December: “Today, our CEO Dmitrijus Borisenka together with Head of Product Šarūnas Matulevičius met the SVP of #Ripple @EthanBeard and had a nice chit-chat about our mutual plans for 2019. A pleasure to meet you right here in #Slush #Slush18, Ethan!”

The news that CoinGate is now running an XRP Ledger Validator was first broken by a Ripple’s XRP lover, by the name XRP Research Center based on what he saw on Ripple’s XRP validator page.

Meanwhile, in a resent pool by CoinGate, the platform sought the opinion of its community on which integration would be appropriate at the moment. However, having a native XRP support came out to be the most demanded necessity by the community.

Anything From CoinGate To Ripple’s XRP?

CoinGate Point of Sale app makes it easy for businesses to accept cryptocurrency like bitcoin, Ethereum, XRP with their Android app or an iOS app using a tablet or a smartphone.

This is no doubt the beginning of blessings for Ripple’s XRP in Europe as CoinGate has seamless e-commerce plugins that work on Magento and some other shopping platform.

Beyond that, CoinGate also has Bitcoin Payment API that can be integrated on online store for them to easy accept Bitcoin and other cryptocurrencies like XRP.

Also, CoinGate has what is regarded as “Payment Buttons” that gives foundation and firms the opportunity to accept Bitcoin donations and other simple payments on their websites.

Ripple Sets Aside $300 million in XRP To Fund Startups

In its bid to increase the adoption and usage of XRP token, Ripple has set aside $300 million in XRP from its holdings to fund its accelerator programme.

According to Ripple, the programme also features a ‘Volume Rebate and an Adoption Marketing Incentive’. The rebate goes to RippleNet members that have reached a particular point in transaction volume.

Isaac is currently taking his degree in journalism. His interest varies from Entertainment, Current Events, and Business Monetization. In his early years in the writing industry, he joined different online publication as a contributing writer. Today, he is now a full-time contributor to TODAY'S GAZETTE.

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