Ripple Invests $750,000 to Bring XRP to Crypto Wallet BRD

Mobile wallet provider BRD plans to add XRP support to its iOS and Android apps.

AccessTimeIconOct 11, 2019 at 3:00 p.m. UTC
Updated Aug 18, 2021 at 11:44 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Mobile wallet provider BRD is partnering with Ripple's Xpring to boost XRP adoption.

The companies announced Friday that Xpring would invest some $750,000 into BRD as part of its efforts to "build the internet of value." As part of this new "strategic partnership," BRD will integrate XRP and begin building on Xpring's developer platform.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • "The partnership and investment will enable BRD users to hold, buy, sell and send XRP to anyone in the world," a press release noted.

    Ethan Beard, senior vice president of Xpring, praised BRD as "one of the oldest and most respected" mobile wallet providers in the space. He said in a statement that the wallet is aiding in mainstream adoption of cryptocurrencies, adding:

    "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."

    "We’re incredibly excited about joining forces with Ripple to bring XRP to our user base," BRD CEO and co-founder Adam Traidman said in a statement. "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. In addition, it is our plan to have BRD be the cheapest and easiest place to buy XRP moving forward."

    BRD announced support for XRP earlier this month, after Xpring began offering a software development kit for companies to integrate XRP and fiat payments into different applications. The wallet already supported bitcoin, bitcoin cash, ethereum, ERC-20 tokens and DAI, with customers able to purchase bitcoin, ethereum and DAI using ACH wire transfers.

    The company currently offers its iOS and Android apps in some 170 countries.

    Xpring's Ethan Beard image via YouTube/Ripple

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.



    Read more about