BRD, the provider of cryptocurrency mobile wallet services, announced on Friday it has entered a strategic partnership with Ripple's developer incubator Xpring.
Xpring, launched by Ripple in May 2018 to provide technology, support and grants to entrepeneurial development projects, will invest $750,000 in BRD to see it build on Xpring and to support the integration of the XRP cryptocurrency into the BRD wallet, according to a press release shared with CryptoGlobe.
BRD's wallet services are available to download on both iPhone and Android devices and are used by customers in more than 150 countries to purchase and store cryptocurrencies without the need of exchanges.
Mainstream Adoption of Cryptocurrencies
Adam Traidman, co-founder and chief executive of BRD, said its partnership with Ripple would make its wallet the cheapest and easiest place to buy XRP. He added:
Ripple understands the need for a strong wallet partner as they push into key markets like cross border banking and remittance, so we are thrilled to help them achieve their goals.
Ethan Beard, senior vice president of Xpring, said the partnership would help pave the way for mainstream adoption of digital currencies. He added:
At Xpring, we support mission-driven companies that have the potential to transform money. The BRD team has helped consumers onramp $6 billion worth of traditional currencies into digital currency, making them an ideal partner to continue the proliferation and adoption of cryptocurrencies like XRP to solve real-world problems.
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