XRPL-backed payment start-up SpendTheBits has bagged new partnership with Circle
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According to the update, this integration is one of the most ambitious moves SpendTheBits has made since its inception. As a start-up dedicated to payment infrastructure, the Circle integration will arguably form a new channel to expand the overall acceptance and utility of the protocol.In highlighting some of the benefits that are lined up with the new integration, SpendTheBits said its users can now bridge in and out of XRPL, opening up the ecosystem to new possibilities.
SpendTheBits said the milestone is evidence of the collaborative power of its community and the dedication of its founding team to power a new ecosystem that is interoperable and has deep connections to both the wider Web3 and Web2 worlds.While the Circle integration is directly in favor of SpendTheBits, indirectly, XRPL stands to benefit quite a lot as well.
While these proposals are still up for voting, the win by SpendTheBits has placed XRPL in a position to compete with Bitcoin, as per the Lightning network.Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments.
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