HomeCryptoCurrency NewsBinance’s Trust Wallet Integrates XRP and Enables Payments through Credit Cards

Binance’s Trust Wallet Integrates XRP and Enables Payments through Credit Cards

Trust Wallet, Binance’s official multi-cryptocurrency wallet has added support for Ripple’s XRP coin making a late entrance to the wallet after all the rest of the top 5 coins on the Coinmarketcap list. Ripple’s is ranked third after Bitcoin and Ethereum in terms of market cap.

In addition, Trust Wallet has also enabled purchases of cryptocurrency through credit cards thanks to a partnership between Binance and the payment processing company Simplex.

trust wallet binanceWith this integration, Trust Wallet users will now be able to purchase Bitcoin, Bitcoin Cash, Litecoin, Ripple’s XRP and Ethereum with major credit and debit cards directly through the wallet’s interface.

This announcement comes barely a month after Binance enabled purchasing of cryptocurrency in its platform through both debit and credit cards, an integration that was made possible with the help of Simplex. The addition of Ripple’s XRP blockchain brings the total number of blockchains supported on the Trust Wallet to 18.

Initially, Trust was purely an Ethereum blockchain wallet but following the July 2018 acquisition by Binance, Trust revised its vision and roadmap to pursue a multi-currency product. So far it has integrated Bitcoin, Litecoin, Bitcoin Cash, Tron, Dash, as well as Ethereum’s token ecosystem including ERC-20, 223 and 721 non-fungible tokens.

In a blog post on the Binance blog, Binance stated that Trust Wallet will be the native wallet for the forthcoming Binance DEX which is currently in test phase.

Binance DEX has been built atop the also soon to be launched Binance blockchain dubbed Binance Chain which is expected to launch in the coming 2nd quarter.

Trust Wallet will also be integrated with Ledger’s Nano S hardware wallet giving Binance users endless options to keep their funds safe and easy to access no matter what platform they would like to access.

Viktor Radchenko, founder of the Trust Wallet says that they:

“want to increase access to crypto and decentralized applications for all users,” and therefore “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 features to Trust. Our recent open-sourcing of Trust Wallet Core also makes it easy for developers to integrate new blockchains and we encourage everyone to check out the library,” he added.

Alfonso Martínez
Alfonso Martínez
Cryptocurrency enthusiast since 2015, a lover of blockchain technology and everything around her. He joined the Crypto Economy team in 2018 as a content editor specializing in SEO. He is also responsible for the Social Networks of the platform.
- Advertisment -
# NamePrice