Ripple's XRP Can Now Be Used at 3.3 Million Online Stores GloballyMarch 18, 2019
Ripple’s digital asset XRP has made one more significant step towards expanding and mass adoption. A week ago, we reported about the intention of Ripple-backed XRPL Labs to add XRP payment plugin to the WooCommerce, one of the most popular payment platforms on the internet. Thanks to Wietse Wind, the founder of XRPL Labs, the implementation of the plan is just in the pipeline.
On March 7, Wind announced on his Twitter account a bounty program that will reward any developer that can create an XRP plugin for WooCommerce.
A week and a half later, a developer Jesper Wallin submitted a completed payment gateway plugin designed to enable WooCommerce users to easily accept XRP as a payment method. After reviewing the code, Wietse Wind kept the promise and gave the developer the bounty which reached $4,635 XRP worth about $1,469.
WooCommerce is an open-source e-commerce platform used by about 3.3 million websites and one of the most important payment platforms on the whole web. With WooCommerce, users can sell digital and physical products, manage inventory and shipping, take secure payments, and sort taxes automatically. While doing that, they keep 100% control over all their data. There is also support for mobile devices, and the potential to scale their sites is limitless.
With the XRP payment plugin submitted by Jesper Wallin, WooCommerce users are now able to accept XRP as a means of payment. The plugin can be downloaded on GitHub. It is very easy to use, all users have to do is to follow the instructions that came with it to begin accepting XRP.
The integration with WooCommerce is another example of the enormous efforts made to reach mainstream adoption of XRP. And XRPL Labs founder Wietse Wind made a huge contribution to the development of Ripple’s asset. Over the past year, Wind has created a series of XRP-backed platforms, one of the most outstanding is XRP Tip Bot that allows Reddit, Discord, and Twitter users to tip each other. Currently, Wind is working on a cold storage operating system, mobile wallet, and decentralized trading platform, which will amaze the crypto community for sure.
David Schwartz: XRP Is Not A Security
XRP is believed to be one of the most promising projects in the crypto space. However, some are uncertain about the nature of XRP and Ripple’s relationship with the cryptos. The current matter of concernment is whether XRP can be considered a security or not. David Schwartz, the CTO of Ripple, decided to bring clearness and made an interesting announcement at the “Blockchain Beyond the Hype: The Ripple Effect” session at the SXSW, Schwartz.
Schwartz explained how XRP was created and how it is linked to Ripple. He said that Jed McCaleb, Chris Larsen, and a couple of other people got together and created the XRP ledger. The developers received some of the 100 billion XRP created themselves and then sold it to start their company. Further, Schwartz stated that holding XRP did not mean owning a stake in the company Ripple.
According to Schwartz, security laws are not fully clear, that’s why they were confident and ‘pretty comfortable’ that XRP was not a security, and it would be the SEC to decide whether XRP was a security or not.
“Security law hasn’t changed with regards to blockchain technology. The Security and Exchange Commission recently talked about how they are going to consider if these tokens meet security laws. But they have not given any white or black test yet. They have given a test but it is filled with vague terms.”
Regulations and laws regarding cryptos were mentioned by Schwartz as the largest hurdle to crypto development. However, 2019 is still believed to become the year of mainstream adoption for the crypto space. As Schwartz said, companies should just get rid of the uncertainty that is growing in the market.
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