Bitrue to Roll Out Registration of Ripple's PayID Addresses

News
Sat, 10/10/2020 - 13:05
article image
Yuri Molchan
Bitrue exchange has announced the upcoming registration of PayID addresses to enable seamless crypto deposits and offers a chance for users to win some XRP
Bitrue to Roll Out Registration of Ripple's PayID Addresses
Cover image via stock.adobe.com
Contents

According to an announcement on Bitrue digital exchange, it is about to conduct registration of PayID addresses and invites its users to take part in a draw to win 100 XRP.

XRP
Image via Twitter

PayID for crypto wallets and digital exchanges

As reported by U.Today earlier, Ripple giant joined other major crypto companies to create and launch the PayID payment solution.

According to the CEO Brad Garlinghouse, this payment system will make sending payments as easy as sending an e-mail.

Ripple has joined an alliance consisting of more than forty companies, among which is Brave Browser, GoPay, Blockchain.com, Flutterwave, BitGo, Huobi, etc.

The blockchain decacorn has also integrated PayID into its RippleNet network actively used by world’s top-range banks and other financial institutions.

Bitrue integrates PayID

The PayID website states that the solution has already 120 mln users globally, it can be used with personal digital wallets and for depositing and withdrawing crypto from digital exchanges.

Bitrue CEO and co-founder Curis Wang stated:

“PayID is one of the biggest leaps forward for crypto currency adoption that we've ever seen. The ability for users to share their addresses through a pronounceable and memorable format will help demistyfy the payment process for millions.”

Related Ripple CEO Says Sending Payment 'Should Be as Easy as Email' as His Company Announces PayID
Related
Ripple CEO Says Sending Payment 'Should Be as Easy as Email' as His Company Announces PayID

Ripple Labs sued over PayID trademark

New Payments Platform (NPP) in Australia has filed a lawsuit with the Federal Court of Australia against Ripple Labs.

NPP stated that Ripple had created a trademark issue, since PayID system was launched by it and a group of local banks for faster payments.

Over 60 Australian banks have been using the PayID network this year.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.