Wallet Provider Wirex Adds XRP Support; Ripple Voted as Best Coin For Moving Funds Between Exchanges
Cryptocurrency wallet providers and exchange platform Wirex has announced support for Ripple (XRP). The support comes after users requested to have XRP on the platform. Wirex app customers are now able to buy, sell, exchange as well as deposit XRP tokens in their Wirex wallets.
..You asked, we delivered
🚨 Wirex #XRP Wallets are here!🚨
Everything you need to know: https://t.co/J6bo72Xbzi #WelcomeToTheWirexFamily #Trifecta @Ripple @askutch @bgarlinghouse @JoelKatz @chrislarsensf pic.twitter.com/uwVdehCQRR
— Wirex (@wirexapp) July 23, 2018
The announcement was followed with a blog post titled “A Ripple at Wirex” where the team shared a lot about Ripple. The blog post explored the genesis together with the use cases of Ripple. However, prior to that, the CEO of Wirex had tweeted hinting the addition of Ripple onto the platform, “First look at the Wirex #XRP wallet. It’s coming sooner than you think.”
Wirex is a platform that gives users the ability to spend their digital assets using Visa and MasterCard cards. A section of the blog post on Ripple outlined the benefits of Ripple stating:
“Ripple [sic] [XRP] has gained a reputation as a cheap and stable altcoin. While the value of most cryptocurrencies is influenced by the oscillations of Bitcoin, Ripple [XRP] is independent of the Bitcoin blockchain.”
The users can now convert XRP to fiat currency on Wirex app and alter spend the money using the Wirex cards. The card can also be used to buy XRP for the purpose of exchanging with more than 50 altcoins listed on the wallet. Moreover, it is possible to have the wallet linked to debit and credit cards too. In addition to that, users can exchange XRP with Bitcoin (BTC) and Litecoin (LTC). The post showered Ripple (XRP) with more praises:
“Unlike competing cryptos, Ripple has been adopted for internal remittance by many financial institutions – a sure sign of the protocol’s versatility and reliability. Ripple emphasizes the importance of digital security to prevent the production of counterfeit coins.”
Meanwhile, Ripple is recognized as the preferred cryptocurrency for moving digital assets between cryptocurrency exchanges, according to a recent poll by Weiss Ratings on Twitter. The survey showed that 78% of investors prefer XRP, 8% for Ethereum and 6% for bitcoin.
The XRP/USD pair is currently standing at the $0.4554 levels, having retraced from the Tuesday’s high reached at $0.4600. Ripple’s coin has recovered from early Asian low at $0.4370 following the lead of Bitcoin, which broke above $8,000 on Tuesday to reach a two-month high. While the upside momentum is not strong enough for XRP, a sustainable break above $0.4600 might support the nascent rally.