Binance.US Calls XRP 'Future of Banking Remittance Services', Uses Hashtag '#XRPTheStandard'

Two interesting XRP-related developments have taken place in the last 24 hours: (1) the popular non-custodial cryptowallet wallet BRD is adding support for XRP; and (2) Binance.US has added support for XRP/USD trading to its mobile app.

BRD Wallet Adding Support for XRP

On 11 October 2019, BRD announced that it had formed a strategic partnership with Ripple.

There were four reasons for BRD's enthusiasms about this partnership:

  • The fact that "Ripple has one of the largest and tight-knit communities."
  • The fact that the Xpring SDK makes it possible for "developers to easily integrate XRP in their apps."
  • Ripple's support for BRD's vision to make their wallet "the cheapest and easiest place to buy XRP."
  • BRD was "impressed with the adoption of XRP for real use cases around the remittance, payments and cross-border banking initiatives."

As part of this partnership, Ripple said that Xpring would be investing $750,000 into BRD, and Ethan Beard, Senior Vce President of Xpring, called BRD “one of the oldest and most respected” crypto wallet providers:

The BRD team has helped consumers on-ramp $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.

Then, on Wenesday (February 12), roughly four months after that announcement, Ripple had more to say about BRD. 

In a post published on Ripple's "Insights" blog, Ripple said that BRD -- "the fastest growing consumer crypto wallet in the world, with more than 3 million users in 170 countries" -- is "now adding support for XRP to its wallet" (first iOS and then Android).

BRD Co-Founder Aaron Voisine stated that "XRP will be one of the first currencies in BRD’s new Blockset product, an enterprise-grade API and hosting solution for blockchain data."

According to Ripple, Blockset is "envisioned as a high-uptime, high-availability SaaS-like service for banks and other crypto businesses that need access to Bitcoin, XRP and other blockchain data—but who find it cost-prohibitive or too difficult to maintain on their own."

Binance.US Adding XRP Support to Its Mobile App

Also, on the same day, we found out via a tweet from Binance.US, Binance's trading platform for customers based in the U.S., that it was adding support for XRP -- which it called "the future of banking remittance services" -- to its mobile app. What made this tweet even more special was that it used the beloved hashtag "#XRPTheStandard":

Binance.US, which was launched in September 2019, is a digital asset exchange that is "powered by matching engine and wallet technologies" licensed from Binance but is operated by San Francisco-based BAM Trading Services.

According to data from CryptoCompare, XRP, which is currently the top daily gainer (vs USD) among the top 30 cryptoassets (by reported market cap), is trading at $0.3142, up 8.61% in the past 24-hour period:

XRP-USD 24 Hour Chart on 13 Feb 2020.png

 

Featured Image Courtesy of Binance.US