In an attempt to get the issue of delay and high Bitcoin transactions, a new payment platform was released to permit users to send Bitcoin faster and cheaper to merchants who accept digital currency as a mode of payment.
It is worth noting that the SpendTheBits (STB) is a payment solution released on Ripple’s XRP Ledger (XRPL) to ensure users do faster and more low-cost Bitcoin transactions with merchants.
The SpendTheBits developers launched the solution on Ripple to leverage the limitless payments feature of Bitcoin, which includes faster, cheaper, and eco-friendly transactions.
SpendTheBits is currently present in Canada, with the focus to roll out the service in the Bitcoin-friendly country, El Salvador. The app is available for download on both Android and iOS devices. Aside from making payments with STB, users can also store their crypto assets on the platform.