Ripple Enables Luxury Retailers to Accept Crypto Payments in Partnership with Lunu

Ripple, the world leading blockchain company, announced yesterday its partnership with Lunu, which is a payment gateway and solution provider in the crypto retail payment industry. Lunu enables high-end and luxury retailers in the UK and Europe to accept crypto payments in store via Lunu's point of sale (POS) terminal and online widget.

Through this collaboration, Ripple will allow Lunu’s luxury retailers to accept crypto as a payment method leveraging its Liquidity Hub.

“Our partnership with Ripple has the potential to greatly impact retailers’ customer service offerings by expanding the variety of payment methods and by portraying retailers’ brands as more innovative and progressive,” said Rajesh Madhaiyan, Director of Product at Lunu.

“Crypto liquidity is the common thread that underpins all of Ripple products, from payments to lending and credit. Our ambition is to build a suite of enterprise-oriented crypto products for the benefit of our clients and their customers. This is why we are so excited by this fantastic new use case for Liquidity Hub which will enable Lunu’s luxury retail clients to accept crypto payments at the point of sale,” says Sendi Young, Managing Director, Europe, Ripple. 

Last month, Fazzaco reported that the blockchain firm has committed to invest $100 million to carbon markets​, targeting globally agreed climate goals to limit global temperature rise to 1.5 degrees Celsius.