Binance’s Trust Wallet Officially Adds Support for XRP

By Kapil Gauhar

The world’s largest cryptocurrency exchange, Binance was down followed by a scheduled update. During this period, people began to speculate the possible addition of XRP to Binance.

However, now it’s official that Binance’s Trust Wallet has added support for XRP.

The overall number of digital currencies supported by the largest crypto exchange in the world is 17. And, this number gives a tough competition to Coinbase Wallet. In order to stay in the league competitors, Trust Wallet features a dApp browser that is compatible with ERC-20 token.

Apart from extending support to the 3rd largest cryptocurrency, Binance also integrated credit card support aiming to allow a convenient purchase of virtual currencies. The exchange took this step after partnering with Simplex, a payment processor, making Trust wallet one of the very few wallets to have credit card support. This announcement from the exchange didn’t mention the fees or any particular card that could be used.

Viktor Radchenko, Trust Wallet founder, said –

“We want to increase access to crypto and decentralized applications for all users. Adding credit card payments is one piece to furthering cryptocurrency adoption and realizing our larger vision in helping to bring the freedom of money, and we will continue to integrate more blockchains and feature to Trust.”

Binance’s Trust Wallet is aimed at integrating with its upcoming decentralized exchange. This decentralized exchange scheduled to go live in the second quarter of this year. Trust Wallet will be Binance’s native wallet and will allow users to make trades while holding digital currencies.

The wallet has various plans for 2019, which includes the addition of support for more virtual currencies, as well as adding integration for hardware wallets, which could be a better approach of securing cryptocurrencies.