- RealFi launches XRP Ledger-powered payment app on Apple App Store and Google Play.
- RealFi uses XRPL’s low fees and fast settlement to deliver on-chain rewards within seconds of a purchase.
- In May, RealFi revealed plans to build an XRP Ledger payment app for Shopify merchants.
The XRP Ledger’s push into everyday payments got another boost this week as RealFi launched its XRP Ledger‑powered payment app on both the Apple App Store and Google Play. The launch makes blockchain payment services available to more people via mobile phones.
This seems to be another step toward getting blockchain payments and rewards into the hands of regular mobile users, and not just traders and investors.
What Is RealFi?
RealFi describes itself as a blockchain payment rewards platform on the XRP Ledger, designed to link merchants and digital rewards using XRPL technology. The REAL token runs on the XRP Ledger and is designed to give users rewards for purchases made at participating merchants.
The platform’s main appeal is the use of XRPL’s speed and low transaction costs. RealFi says rewards can hit users’ wallets on‑chain in seconds after a purchase, thanks to the ledger’s fast finality and minimal fees.
Apart from the app launch, RealFi had another big announcement recently. In late May, the company revealed plans to build an XRP Ledger‑powered payment rewards app for Shopify merchants, after getting the green light as a Shopify Partner. Its goal is to bring blockchain payments and rewards to Shopify’s platform, which reaches millions of sellers globally.
If successful, that effort could introduce XRPL payment tech to a much broader crowd than the traditional crypto users.
XRP Ledger is Still in Focus
The XRP Ledger remains one of the fastest payment-focused blockchains, typically settling transactions within seconds at just a tiny fraction of a cent. These characteristics make it a great fit for payment and rewards apps, where high fees would be a dealbreaker.
The RealFi’s iOS and Android app launch shows that devs are still building apps for everyday users on XRPL, even when the overall market is struggling.
That said, it looks like the market is starting to recover, due to the US-Iran peace deal seemingly concluding and the Strait of Hormuz reopening soon. The entire crypto market reacted positively to the news, with many cryptocurrencies surging.
Related: XRP Ledger Gains An Edge in VanEck’s Corporate Blockchain Analysis
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