Binance’s Trust Wallet Adds Ripple Support for XRP Coin And Credit Card Payment Support
Trust Wallet, the crypto wallet owned by Binance, has recently added new features that will let its users hold XRP for the first time and also use a credit card to buy cryptos directly from the wallet. These options will be offered by Simplex, a payment processor based in Israel.
Binance has also affirmed that Trust Wallet users will now be able to buy XRP, Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC) using the program.
According to the founder of Trust Wallet, Viktor Radchenko, the idea is to increase the access of crypto and decentralized options for all of the users on the platform. He affirmed that adding credit card options was an important move in order to further crypto adoption and to get closer to the company’s larger vision of integrating more blockchain features on the app.
In order to access the new features, all users just need to upgrade their wallets.
Binance And Trust Wallet
Binance acquired Trust Wallet in July 2018. At the time that the company was bought, it was an Ethereum wallet and it only stored ETH and some ERC20 tokens. However, after the company was acquired, it was changed to better reflect what Binance offered to its community.
The company was interested in the team and in the technology of Trust Wallet, as well as its brand, but the product has changed a lot since it was bought.
According to Binance, Trust Wallet will be used as the native wallet of Binance DEX. In case you do not know, Binance DEX will be the new decentralized platform that will be promoted by the largest crypto exchange in the world.