Xumm and Frii recently made their presence felt at the Ripple booth during the Paris Blockchain Week 2023, a prestigious event that brought together key players in the blockchain and cryptocurrency space.
Set against the inspiring backdrop of Paris, the event featured engaging workshops, presentations, and networking opportunities.
With over 8,500 attendees, 405 speakers, and representation from 76 countries, Paris Blockchain Week has truly established itself as a global hub for the future of Web3.
Xumm, a leading name in the XRP space, joined forces with Frii, an innovative point-of-sale technology provider, to evolve retail payments.
Through their partnership with Ripple and Xumm, Frii aims to enable seamless cryptocurrency payments and rewards for mainstream merchants and customers without the need for a separate payment solution.
With over 700,000 app installs and 163,000 active monthly users globally, Xumm, developed by XRPL Labs, is a market leader in the XRPL arena. Xumm has built a robust ecosystem and the infrastructure to handle the huge amount of transactions envisaged from this cooperation, making it a critical link between retailers and the XRPL.
By embracing the XRP Ledger's capabilities, we are taking a giant leap forward in disrupting the traditional world of payments, paving the way for innovations that will effectively eliminate high cross-border fees, extended settlement times, and costs associated with low-value transactions.
This is the win/win solution the world has been waiting for, finally bringing real crypto utility to the forefront of everyday commerce with one terminal for multiple payment rails.
Ripple invited Xumm and Frii to present and demonstrate their FriiPOS Terminal App at the XRP Ledger (XRPL) workshop.
The audience witnessed firsthand how the FriiPOS Terminal App allows Xumm wallet users to make cryptocurrency payments at the point of sale on the XRP ledger, delivering funds to the merchant's GateHub account in real-time and eliciting an overwhelmingly positive response.
The response at the workshop and Ripple stand was fantastic, with attendees eager to learn more about the global rollout and potential partnerships. Xumm and Frii look forward to attending more events with the RippleX team to showcase their solution to users worldwide.
Maaike van der Veen, the Chief Business Officer (CBO) of Xumm, expressed excitement about debuting the first point-of-sale terminal with Xumm QR payments live on stage at Paris Blockchain Week.
The demonstration captivated the audience - consisting of developers, entrepreneurs, and interested onlookers.
David Bchiri, the President of XRPL Commons, acknowledged Xumm and Frii's contributions to the XRPL ecosystem, stating "Together, they bring a major innovation to the XRPL Ecosystem: in-store payments with any token listed on the XRPL.”
The president of XRPL Commons added that the partnership is a big step for small businesses and individuals adopting blockchain.
“By making the process seamless, we will see more retail use cases enabled by Xumm and FriiPay”.
At the XRPL Commons event, Maaike spoke about Xumm's progress on the XRPL and received a warm response from the audience.
Maaike emphasized that Xumm goes beyond being just a wallet, highlighting the company's contributions to the ecosystem, such as infrastructure and maintenance while empowering other developers to build real use cases on the XRPL.
The event introduced Xumm and Frii to various other projects developing on the XRPL ledger, fostering collaboration and growth in the space.
Paris Blockchain Week 2023 was a resounding success for Xumm and Frii, as we
showcased our groundbreaking partnership, and fruits of labor, receiving a warm reception from attendees.
Xumm and Frii’s successful demonstration at Paris Blockchain Week has set the stage for further collaboration with industry players from both the crypto & the payments industry at upcoming events.
The next event on the horizon is Consensus by Coindesk conference in Austin, Texas, where Xumm and Frii will showcase their payment solutions and demonstrate the pre-activated Xumm cards.
As we continue to evolve retail payments, the future looks bright for both the XRPL ecosystem and the broader blockchain and cryptocurrency industries.
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