All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- Surfy’s integration of XRP in South Korea showcases the increasing everyday use of the cryptocurrency, emphasizing its fast transaction speed and efficiency.
- With support from platforms like Robinhood and adoption by merchants, XRP’s real-world utility is expanding, boosting investor confidence and paving the way for future growth.
The XRP Ledger has made a major leap towards mainstream adoption with Surfy, a South Korean payment solution, integrating XRP into its system. This development aligns with CNF’s recent prediction on the promising potential for XRPL and South Korean blockchain.
As advertised in a recent tweet on Ripple X’s official account, users can now make purchases using XRP, starting with selected merchants. This was showcased during Korea Blockchain Week (KBW), where customers at Cafe Valer paid for their coffee using XRP.
Picture this: you're at a café in the Gangnam District and you just paid for your coffee with XRP—fast and seamless! ☕
Hear from Jongheon Sung at the #XRPLZone Seoul on how @surfyxyz is driving innovation in crypto payments with the XRP Ledger! 🏄🇰🇷 pic.twitter.com/lHjIcymZTE
— RippleX (@RippleXDev) September 17, 2024
The system uses a simple QR code to enable peer-to-peer transactions without banks, demonstrating the real-world utility of cryptocurrency.
Speed and Scalability Drive XRP Adoption
As CNF previously also highlighted, the fact that South Korea possesses at least 15% of the XRP in circulation, a figure backed by studies conducted by official agencies, further emphasizes this preference. XRP’s speed is a key reason for its integration.
With 3,400 transactions per second and near-instant settlement, XRP is perfect for everyday purchases like coffee. Surfy’s platform capitalizes on this efficiency, making transactions faster and simpler. This adoption marks a shift in how cryptocurrency can be used in daily life, with plans for more features on the XRPL, such as stablecoins and token support, further enhancing XRP’s appeal.
In another optimistic move, Robinhood has relisted XRP following Ripple’s legal victory, boosting the token’s visibility and confidence among investors. The combination of XRP being used in real-world transactions and renewed support from major platforms like Robinhood suggests growing trust in the cryptocurrency, paving the way for further adoption and price momentum.
According to CoinMarketCap, Ripple (XRP) is trading at $0.5715, with a decrease of 2.76% in the past day but a surge of 7.05% in the past week.
