Ripple’s Xpring Invests in Crypto Wallet Provider BRD to Integrate XRP

Ripple’s investment arm Xpring has invested in cryptocurrency wallet BRD to enable users to hold, purchase, sell and spend XRP tokens through the wallet.

Ripple’s investment arm Xpring has invested into cryptocurrency wallet BRD to enable users to hold, purchase, sell and spend XRP tokens through the wallet.

Xpring announced the development in an Oct. 11 blog post, noting that BRD — a mobile cryptocurrency wallet, with a reported user base of 2.5 million — will build on the Xpring platform to support and integrate XRP.

Large user base and geography

By selecting BRD, Xpring ostensibly focused on the wallet’s large user base and territorial coverage of 170 countries, as well as the company’s healthy growth in key metrics such as transaction volume. The post further suggests that this could result in new kinds of decentralized financial (DeFi) services, including banking, lending and peer-to-peer transactions that require no intermediaries.

This June, BRD partnered with blockchain payments and infrastructure firm Wyre to allow its United States-based customers to purchase cryptocurrencies using bank transfers. The new service is reportedly supported by over 1,700 U.S. banks, and ostensibly allows for purchases to register within five minutes.

Taking proactive investment approach

Xpring has made an array of notable investments in recent months, including a partnership with major cryptocurrency payment processor BitPay to let businesses accept XRP for payments via BitPay’s cross-border payments platform. As part of the cooperation, BitPay is also integrating its BitPay Wallet with Xpring’s developer platform.

In late September, Xpring onboarded Logos Network, a distributed ledger-based payment platform that focuses on speed and scalability.  Logos will be exploring a DeFi system that is set to leverage XRP at its core. 

In August, Xpring announced a 1 billion XRP (roughly $265 million) grant to web monetization platform Coil. The latter is reportedly supposed to utilize the funds to build an ecosystem of creators, developers, companies and nonprofits that use XRP through the Web Monetization open standard.

Visit the USSA News store!
Click this link for the original source of this article.
Author: Ana Alexandre

This content is courtesy of, and owned and copyrighted by, and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact the administrator by using the contact form located in the top-left menu. Your request will be immediately honored. Please visit for more terrific, conservative content. The owner of this website may be paid to recommend American Bullion. The content of this website, including the positive review of American Bullion, the negative review of its competitors, and any other information may not be independent or neutral.