Binance, the biggest cryptocurrency exchange by adjusted trading volume, had added support for Ripple XRP on its official cryptocurrency Wallet also known as the Binance Trust Wallet.
Binance announced this via a statement shared with Smartereum. On Tuesday, March 12, the exchange wrote in a blog post:
“Trust Wallet, the secure multi-cryptocurrency wallet and official wallet of Binance, the world’s largest cryptocurrency exchange by trading volume, today released support for credit card payments for cryptocurrency. This new payments option is accompanied by Trust Wallet’s support for Ripple’s XRP, which users can now receive, send, store and exchange.”
As Smartereum reported last August, Binance purchased Trust Wallet—which used to be an anonymous wallet for ethereum token—as its first major acquisition. At the time, the exchange promised to add the wallet amongst its list of crypto services while also integrating it as an on-chain wallet for its users. Binance went ahead to launch Trust wallet Core as an open-source cross-platform cross-blockchain wallet library.
Binance Trust wallet currently supports major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH), alongside ethereum-based tokens such as ERC20, ERC223, and ERC721 tokens.
Binance Supports Purchase of XRP, XRP, BTC, BCH, LTC, and ETH Using Credit and Debit Cards
Following an agreement with payment processor Simplex in January, Binance users can purchase cryptocurrency using their credit cards. It yesterday’s announcement, Binance reiterated the partnership with the Simplex,
“Trust Wallet users can also purchase XRP, BTC, BCH, LTC and ETH with major credit and debit cards through its integration with payment processing company Simplex, Binance wrote.
Binance CEO CZ, the Leader of the XRP Army?
Following the positivity that followed its addition on XRP to Binance official wallet, Binance CEO CZ joked that some people believe he supports XRP so much so that he is the project’s lead campaigner.
“The #XRP army should be happy about this. Someone called me the “leader of the XRP Army” during my live AMA, lol…”
Alex Cobb, a vocal member of the XRP community and also digital asset investor responding to the news extended appreciation to CZ for his support. “Thank you for your ongoing support for the XRP community!” he wrote.
Ripple XRP Price Prediction 2019 / USD
In the following Tweet, Cobb suggested that XRP will end the year on a massive high following the plethora of partnerships and progress the project has made.
Keep in mind that XRP consolidated at $.006 for a while and then finished off 2017 over 30,000% in gains, and that was in the concept stage.
Ripple (XRP) Price Today / USD
How Much is 1 XRP to the USD?
At the time of writing, Ripple is currently trading at $0.31 to the USD almost unchanged in the last 24 hours. Despite the developments around the cryptocurrency project, the volume of XRP trades has dropped significantly—about $200 million—from last week. The total market cap has been maintained around $12.8 billion compared to Ethereum’s market cap of $14 billion.
Ripple could see a boost soon if it is eventually supported by PayGlobal, a household name in the UK for its wallet services, e-money agent, and an ATM bank card provider. XRP came tops in a poll which could decide which cryptocurrency PayGlobal will introduce.
However Questions about Ripple’s classification by the United Securities and Exchange Commission (SEC). XRP has not been expressly cleared by the commission just the way Bitcoin and Ethereum were cleared and confirmed yesterday.
Binance BNB Coin Price Today / USD
Binance Coin (BNB) is trading around $15. USD just like it did yesterday after adding about $1 to last weekend’s price. BNB has recorded a remarkable surge in recent weeks following recognition of the Binance Launchpad as well as anticipation of the Binance Decentralized Exchange or (Binance DEX).
Following its massive expansion plans, some observers have likened Binance to the next Alibaba.