Ripple’s XRP is the newest addition to BRD wallet, formerly Bread wallet. BRD wallet is extremely popular among crypto users, and could potentially be a huge partnership for the asset.
The XRP token meets BRD’s worldwide audience of 2 million users
BRD is one of the oldest and most user friendly cryptocurrency wallets on both Android and iOS. Ripple and BRD have both announced their joint partnership with BRD wallet which is potentially huge for XRP because BRD has had over 2 million downloads by users in over 170 countries.
BRD allows users to buy XRP directly from within the wallet and offers cheaper rates than alternative avenues to acquire XRP. BRD wallet gave a nod to Ripple’s Xspring software Development Kit (SDK). The SDK will allow developers from a variety of projects to easily incorporate XRP.
As icing on the cake to the partnership announcement, XRP token holders will love the fact that XRP has been chosen to be one of the initial cryptocurrencies offered for BRD’s enterprise-class blockchain solution, Blockset.
Blockset provides its own wallet SDK, and it also offers API for companies looking to leverage blockchain with a blockchain agnostic toolset. It seems that Ripple and its XRP token may have quite the role to play with BRD’s future plans. They plan for full integration with Ripple’s Xspring API.
Is Ripple about to bounce back?
Ripple has been in a two year decline for the whole duration of the crypto winter. Since then, Brad Garlinghouse, Ripple CEO made headlines when he called out Billionaire crypto investor Mike Novogratz for discounting XRP as a serious contender among other cryptos.
Ahem… IS THIS THING ON… can I get a fact check on aisle CoinDesk?
XRP has outperformed BTC and the broader crypto market in 2020. XRP is up 44% (19.1 to 27.5) vs BTC’s 33% (7,100 to 9,500) so far this year.#factsmatter https://t.co/KAdFqD93t1
— Brad Garlinghouse (@bgarlinghouse) February 5, 2020
Ripple has also recently secured deals in the Vietnamese, Thai, and Japanese remittance markets, with SBI Asia’s largest international remittance service.
Learn how SBI Remit and Siam Commercial Bank partnered on RippleNet to deliver better remittance services and lower fees for Thai workers living in Japan. https://t.co/S2y43ZOKZ0
— Ripple (@Ripple) August 3, 2018
These remittance payments don’t actually use the XRP token itself, however, they leverage Xrapid and traditional banking infrastructure albeit in a much different and more streamlined way.
In another partnership, this time with the US remittance giant Moneygram, Ripple has also planned to expand to India’s remittance market now that they are no longer banned.
Perhaps Ripple is ready to make a major move with its SDK integrations with Blockset and BRD and its strategic moves to make progress in cross-border payments and remittances.
Ripple may be ready to make a major move to the upside, in vindication of his fateful CNBC
Crypto Class segment, when he instructed his audience to buy the top in 2018.
Do you think XRP will rise from this new wallet support? Add your thoughts below!
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Joseph Spezzano received a Masters Degree in computer science from The University of Massachusetts. Joseph has been working as a full-time blockchain programmer for the past 5 years. In his spare time, Joseph enjoys writing for CryptocurrencyInvestments.com and traveling.