Cryptocurrency

xRapid: Crypto.com Integrates Ripple XRP

xrp-xRapid integration

Crypto.com, the payment platform known previously as Monaco, announced that it has integrated the XRP token into its wallet service and debit card app, so its customers will now be able to translate, track and send the digital asset through its platform.

It is significant that, in addition to now offering Ripple, the platform would already support 5 other cryptocurrencies, namely Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), Litecoin (LTC) and its native cryptocurrency MCO.

Kris Marszalek, co-founder, and CEO of Crypto.com, commented: “XRP is the first coin we launched on the new infrastructure that allows us to add new coins faster, as well as make withdrawals faster without sacrificing platform security.

In this sense, integration is part of the platform’s goal to encourage people to massively adopt digital currencies. In the future, according to the company, they will continue to add more currencies.

“We are trying to aggressively increase the number of crypto coins to support all the major crypto coins on the market,” added Marszalek.

This announcement comes just a couple of days after the end of SWELL, the annual conference organized by Ripple to bring together the world’s experts in the financial industry, including this year even the likes of Bill Clinton.

On the first day of the conference, Ripple would have announced the commercial launch of its new xRapid payment solution, a major move towards business expansion and, according to Ripple, towards the expiration of skepticism towards cryptocurrencies.

xRapid would be designed to make international transfers by significantly reducing commissions, as well as providing immediate liquidity by relying on XRP tokens that recipients could instantly switch to trust currency through a crypt coin exchange house.

About the author

Belinda Carey

Belinda Carey

A finance girl by education, Belinda has been drawn to cryptocurrencies ever since Bitcoin first emerged in the 2009. Nearly a decade later, Belinda is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies.

Add Comment

Click here to post a comment