The mobile wallet provider BRD is officially partnering with Ripple’s Xpring initiative in order to boost adoption of the native token, XRP. According to an official announcement which went viral in the Ripple XRP news this Friday, Ripple invests $750,000 into BRD as part of its main goal to “build the internet of value” where BRD will integrate XRP and begin building on Xpring’s developer platform.
“The partnership and investment will enable BRD users to hold, buy, sell and send XRP to anyone in the world,” a press release noted.
The senior vice president of Xpring praised BRD and said that it is “one of the oldest and most respected” mobile wallet providers in the space. Now that Ripple invests $750k in it, he is certain that the wallet will be even more popular and will help in mainstream adoption of cryptocurrencies.
“The BRD team has helped consumers on-ramp $6 [billion] worth of traditional currencies into digital currency, making them an ideal partner to continue the proliferation and adoption of cryptocurrencies like XRP to solve real-world problems,” he added.
The CEO of BRD seems excited as Ripple invests in the mobile wallet. As he said in a statement, “we’re incredibly excited about joining forces with Ripple to bring XRP to our user base.” Adam Traidman also noted the following:
“Ripple understands the need for a strong wallet partner as they push into key markets like cross-border banking and remittance, so we are thrilled to help them achieve their goals. In addition, it is our plan to have BRD be the cheapest and easiest place to buy XRP moving forward.”
Meanwhile, BRD announced support for XRP earlier this month right after Ripple’s Xpring started offering a software development kit for companies that integrate XRP and fiat payments in its different applications.
The wallet already supported Bitcoin, Bitcoin Cash, Ethereum, ERC-20 tokens and DAI, all of which allows customers to purchase Bitcoin, Ethereum and DAI using ACH wire transfers.
In the market news, we can see that Ripple (XRP) is trading with a 1% increase today and is stable at $0.2788 with a market cap of $12.04 billion.
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