Ripple director of product rolling out the beta version of Payburner, an XRP-based e-commerce payment platform

In a new Twitter thread, Craig DeWitt, Ripple’s director of product, revealed the beta version of Payburner – the Ripple-based e-commerce payment platform, taking XRP as a native token.

Ripple’s product manager launches the Payburner e-commerce payment platform based on XRP

DeWitt said:

“Payburner is designed to make it extremely easy to send and receive instant global payments. The new product functions as a non-custodial wallet. The responsibility of safely storing the funds falls on the users as Payburner won’t have access to their passwords.”

Payburner also allows users to send and receive payments with PayID. Users can set up their PayID upon registration, which they can share to enable instant global payment. To send the payment, users only need to enter the recipient’s PayID, enter the amount of XRP to send and click send. To request payment, users can enter the PayID of the person they are requesting money, enter the required amount, and add an optional message.

The platform also offers e-commerce payment capabilities with just one click.

DeWitt said that:

“The merchant must have a Payburner account to enjoy the easy-to-use checkout feature. To facilitate the process, Ripple is done integrating the Payburner plugin with WordPress, making it available to approximately 455,000,000 websites.”

To keep the business sustainable, DeWitt says it plans to charge minimal fees from merchants.

DeWitt stated:

“We expect to make money from the one-click merchant payout experience by requesting payments from merchants at 1% of their received XRP e-commerce purchases. Peer to peer payments and peer to peer requests are not charged any fee. Payburner does not have the ability to withdraw funds from any account and we are not in the middle of any transactions, so we send requests to merchants for fee collection.”

DeWitt noted that the Payburner plugin now supports Chrome and Brave browsers with the promise that the platform will be available in many browsers and iOS and Android apps.

Read more:

Follow us on Telegram

Follow us on Twitter

Follow us on Facebook

You might also like

LATEST NEWS

LASTEST NEWS