Binace Adds XRP, Credit Payments Support To Its Trust Wallet
Binance, a crypto exchange, has decided to add additional support for its official wallet called Trust Wallet. The support, in particular, is aimed at introducing XRP and credit payments.
XRP and Credit Payments Integration
According to the official report, the new payment option is currently being offered in line with the partnership with Simplex, which is an Israeli payments processor. The integration has been made official by the digital currency exchange via an announcement made on Tuesday.
At the same time, Binance said that its Trust Wallet would add support for XRP. The latter, in particular, is hailed as the third largest crypto when it comes to market capitalization.
Through the added support, users of the crypto exchange’s wallet may now use it for the purchase of the crypto. Other digital currencies included are Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), and Ether (ETH). This can be done with all major debit and credit cards. The announcement from the firm, however, did not necessarily specify which cards are going to be supported, not to mention the incurring fees.
According to the founder of Trust Wallet named Viktor Radchenko, the company is looking to increase the access to digital currencies and decentralized applications. Through the support, this should pave the way for users to get access to them.
Adopting Digital Currencies
Radchenko also talked about the idea of adding credit card payments. Basically, it is part of a much bigger plan. It is, by essence, a much-needed piece in trying to further the adoption of digital currency. More importantly, it would help the company realize its larger vision, which is to help bring the freedom of money.
The executive teases the possibility of more integration in the future. Even more so, he said that they have already come up with plans to integrate the likes of blockchains and other features to Binance’s official wallet, the Trust Wallet.
Binance is considered as today’s largest crypto exchange when it comes to adjusted trading volume. It was successful in acquiring the aforementioned wallet in July last year. It turns out to be quite compatible with only Ethereum, as well as those tokens that are Ethereum-based. Well, that was definitely the case before the acquisition.
Since then, the crypto exchange found a way to enable support for various digital currencies such as the ones mentioned above. As of this writing, it supports at least 17 tokens and hundreds of decentralized apps or dapps.