Xumm and FriiPay Launch Groundbreaking Crypto Payment System in the Netherlands Cafe
Xumm and FriiPay launched the first "Pay with Xumm" (XRPL QR payments) POS terminal allowing for cryptocurrency payments in a sandwich bar called 36aWay in the Netherlands.
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FriiPay and Xumm collaborated to create the world's first FriiPay Pay with Xumm point of sale (POS) terminal, integrating the POS device with the XUMM wallet, the leading non-custodial wallet made for the XRPL.
Xumm and FriiPay launched our first groundbreaking cryptocurrency payment system in a sandwich bar called 36aWay in the Netherlands. The partnership enables retailers and brands to push payments and digital coupons visible in the Xumm wallet and validated via POS applications and the XRP ledger (XRPL).
The owner and founder of 36aWay, Akin Sariyildiz, said he got really excited when Xumm introduced him to receiving crypto payments in his shop. "I like the part where there's no banking involved to use this innovative and secure payment method. Now we are set for the future of payments, and we hope we have enabled other shops to do the same!"
FriiPay integrates the XRPL into traditional mainstream POS bringing non-cryptocurrency consumers into the world of cryptocurrency payments. Consumers can use any cryptocurrency held on their XUMM wallet to make payments using the system. The terminal supports both Xumm + XRPL and traditional such as Visa and Mastercard payment rails, meaning that retailers get the best of both worlds and the freedom to choose.
In a Discord AMA with XRP Ledger Developers, FriiPay CEO Farhaan Dawood stated: "Brands will be able to push digital coupons that will be visible in the Xumm wallet and will be validated using POS application and the ledger. This strategy will allow us to bring non-cryptocurrency consumers into our world".
The launch of the Pay with Xumm POS terminal in a sandwich bar named 36aWay, located in the Netherlands, is just the beginning. This innovative partnership is moving the goalposts and changing the rules in the payment industry, providing merchants and consumers with bespoke options free of the constraints of traditional finance as consumers can now use a fast, secure, and user-friendly cryptocurrency payment system.
Retailers and brands can now use the terminal on their countertops to push digital coupons and process payments via the XUMM wallet, validated by the XRP Ledger. This is a game-changer for the industry.
XRP transactions are extremely fast, only taking 3-5 seconds to settle. The XRPL can handle up to 1500 transactions per second on a tiny carbon footprint, making it the best choice for retail payments.
The partnership between Xumm and FriiPay showcases the potential of getting cryptocurrency payments onto the countertops of brick-and-mortar retail stores, making real-time, green transactions cheaper for everyone.
For more information regarding the launch at 36aWay: https://twitter.com/XummWallet/status/1626147614612721666;