Getting listed on exchanges and supported on wallets are things that can help a cryptocurrency gain visibility and promote adoption. This is because even if a cryptocurrency has many use cases, it’s not going to get to the masses on its own. Exchanges and wallet support encourage people to use digital assets. This is why the price of cryptocurrencies often spike when they get listed on popular exchanges like Coinbase and Binance.
XRP has just gotten a listing and wallet support from Freewallet. This is a big deal because Freewallet is a digital multicurrency wallet known to have more than 3 million users around the globe. The company just announced that XRP has been added to its list and it has created a stand-alone XRP wallet application for Android devices.
Holders of XRP who use Freewallet will be able to enjoy all the advantages of using the application on the Android devices and on the web. With this new listing, users will be allowed to make XRP top ups and exchange XRP for any of the cryptocurrencies supported by the wallet. The company also announced that users will be able to buy XRP from the wallet in the future. Currently, it supports over 50 coins and the number is increasing weekly. Part of the announcement by the company was as follows:
“We enter the new year in grand style launching our Ripple Wallet. This is good for us and our hodlers. We always look forward to developing our services and moving in new directions. Listing the second largest cryptocurrency per market capitalization is one step in the right direction. The fact that XRP outrun ETH says a lot about the token. Now, we have nine out of the top ten cryptocurrencies listed. We intend to add all ten soon.”
About FreewalletThe company, Freewallet, is known for developing in-built wallets for mobile devices. These wallets support more than 50 cryptocurrencies include BTC, ETH, LTC, and now XRP. In the year 2018, the company was named the third most popular online cryptocurrency wallet for Android. In January 2016, Freewallet released its first mobile cryptocurrency wallet. Between then and now, the wallet has grown into a multi-currency wallet for Android, iOS, Lite Wallet. It has 21 single currency Android wallets and 9 single currency iOS wallets.
XRP (XRP) Price Today – XRP / USD
By listing XRP and creating a wallet specifically for XRP, the company has proven that it believes in the long-term potential of the digital currency. While this listing may not do much for the price of the token short-term, it is going to help the long-term adoption of the token because users will be able to make XRP transactions for free using the wallet.
XRP (XRP) Price Analysis
XRP (XRP) Price Analysis
At the time of writing, XRP was feeling the pressure of the bear market just like every other cryptocurrency. The third largest cryptocurrency per market capitalization was trading at $0.317279. This shows that it is down by 0.45% against the USD and down by 0.09 against BTC. The trading volume over a 24 hour period is $366,974,420 and the market capitalization is $13,021,270,014. The next few days of trading will determine if the price action will change.
Do you think getting listed on Freewallet will help the XRP token gain more ground per adoption?