Ripple Signs Partnership Agreement with Lunu

Ripple announced that it has partnered with Lunu to expand the adoption of cryptocurrencies in luxury consumption.

Ripple announced that it has signed a partnership agreement with Lunu, which provides enterprise blockchain and global crypto payment solutions. The agreement with Lunu, which provides support for luxury goods stores in the European region to receive payments with cryptocurrency through POS terminal and online modules, brought together Ripple and luxury product sellers. Making a statement on the subject, Lunu Product Director Rajesh Madhaiyan said, “It is extremely important for luxury retailers to follow the trend and the biggest innovation in payments comes with cryptocurrencies. Thanks to Lunu, these sellers will have access to an ever-increasing number of new, younger and wealthier audiences. Our partnership with Ripple will increase the diversity of payment methods.” In the statement made by Ripple, the data of a recent research were included. According to the research by Ripple, 70 percent of respondents from financial institutions in Europe expect blockchain to have a major or significant impact on their business in the next five years. 59% of respondents seem willing to use Blockchain for payments.       Source: Investing.com