After delays with Swift system, German Medivas Switches to XRP & Bitcoin

Increasing global adoption of cryptocurrencies and the associated benefits prompted Medivas, a German company delivering high-quality audio-and video solutions for businesses, to start accepting the XRP and BTC for payments.

Since 2010, Medivas has been offering end-to-end conference rooms implementation — starting from concept planning and solution design, and ending up with lifetime technical support, complex digital media and signage installations, and AV and IT equipment for purchase and rental. One of Medivas’ most prominent projects was the equipment for the Munich Leukäumielabor, which included one of the largest video conference rooms in Germany.

The company explains on their website that when adopting new technologies for internal processes, they prioritize mature and future-oriented technologies, because they feel they have a high responsibility before the consumers.

“The inertia of the German economy in terms of digitization and the causes of it are well known to us as a technology service provider. Against this background, it is important for us to send a signal, “says the management of Medivas.

Another reason for the move is delays with international payment transactions. It is very important to have a cost-effective solution with fast transmission speed, since existing systems such as Swift are an impertinence, they explain in the blog post. Due to the long processing time, funds are sometimes inaccessible for days, the business process is then delayed and, in some cases, there are unforeseen additional costs.

“There is no way around joining the future. From our point of view, it is only a matter of time until the comprehensive adaptation of Ripple’s XRP to banks has been completed. For this reason, we do not focus on Bitcoin, which certainly plays a major role, but in our view, in the private sector or as a store of value, “said Thomas Schwebinghaus, Medivas CEO and Founder.

The company is planning a full integration of XRP and BTC in a new online shop.

Besides that, starting from 2020, Medivas is considering paying their employees in XRP or BTC, but it’s up to each employee personally.

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