The collaboration will allow all 1M+ stores using Ecwid to enable XRP Ledger (XRPL) payments through Xumm for their customers.
Xumm, a prominent self-custody wallet built atop the XRP Ledger by XRPL Labs, has formed a partnership with Ecwid, a top e-commerce platform. The partnership will allow over 1 million online stores across the globe to accept XRP Ledger (XRPL) payments from their customers.
Xumm announced the partnership through its official Twitter handle today, hailing it as a significant advancement in e-commerce.
According to an official blog release, the partnership will facilitate easy integration of Xumm payments for online stores that use Ecwid. This integration will provide customers of these stores with the ability to make payments using any asset they hold on the XRP Ledger, such as XRP. Moreover, online stores not currently using Ecwid can leverage the feature by integrating Ecwid into their platform.
The partnership will offer online store owners the advantage of catering to a vast community of cryptocurrency users while also receiving payments in stablecoins denominated in USD, GBP, and EUR. This will be made possible through a fiat withdrawal gateway provided by GateHub, thus enabling seamless and automatic conversions between crypto and fiat currencies.
The Xumm team calls this process “Pathfinding,” having integrated it into the Xumm wallet via the Xumm 2.4.0 update released last month. As previously reported, this feature allows customers to pay with any crypto asset they own on XRPL while making sure that the recipient gets their desired asset, including fiat.