Crypto.com Adds XRP to Wallet & Card App
Hong Kong-based crypto and payments platform Crypto.com just added Ripple’s XRP digital currency to its Wallet & Card App for iOS and Android.
Crypto.com announced the news in a press release earlier today. The app already supports bitcoin (BTC), Ether (ETH), Litecoin (LTC), Binance Coin (BNB), and Crypto.com’s native MCO token. Now, it supports Ripple’s XRP digital currency, which has been on a bull run over the past few weeks.
The app allows users to send, buy, sell, store and track cryptocurrencies – similar to other wallet apps. You can also order a physical card that allows you to spend cryptocurrency as easily as you would use a credit card.
The price of XRP seemed unaffected by the news. The coin is down 4.64% over the last 24 hours. XRP surged in value earlier this week after a slew of positive announcements, including news from Ripple’s Swell conference in San Francisco. At that conference, it was also confirmed that three financial institutions were already using Ripple’s xRapid technology – which uses the XRP digital currency – for commercial purposes.
While XRP remains about even on the week, the price of XRP has doubled in the last 2 to 3 weeks over excitement about the continued growth of Ripple’s xRapid protocol. On September 17, XRP was sitting at a price of $0.27. Since September 21, XRP has held steady above $0.50.
This is the first coin that Crypto.com is releasing on its new platform. The new infrastructure of the platform will make it easier to add new coins in the future. Crypto.com also expects the new infrastructure to lead to faster withdrawals and better security, among other user benefits.
“XRP is the first coin that we’re releasing on our newly built backend infrastructure, which allows us to add new coins faster, as well as, to perform faster withdrawals, all while maintaining full security of the platform,” explains Kris Marszalek, co-founder and CEO of Crypto.com.
Crypto.com plans to continue adding more coins in the future:
“We intend to increase the number of coins listed aggressively, to eventually cover all cryptocurrencies that matter.”
Crypto.com conducts an internal review and evaluation process before adding a new cryptocurrency to their platform. It’s unclear which cryptocurrencies may be added to Crypto.com next, and the press release didn’t give us any hints.
Crypto.com is a Hong Kong-headquartered company seeking to accelerate cryptocurrency adoption worldwide through its flagship app. You can learn more or download the Wallet & Card App today by visiting Crypto.com.