Crypto.com Adds XRP To Its Portfolio

Crypto.com, the popular cryptocurrency payment platform, has announced that it has added XRP to its payment options. This means that all users of Crypto.com can now take advantage of this latest addition to send, share, and pay for goods and services. To buy XRP, users of the startup’s wallet and card app can do so using fiat currencies. As it is tradition, the platform accepts certain fiat currencies like the US dollar (USD), Singapore Dollar (SGD), Euro (EUR), and the Pound sterling (GBP). This new digital asset will make it the sixth of all the cryptocurrencies that Crypto.com offers its growing customer base. Before now, the startup had offered Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Litecoin (LTC), and their own cryptocurrency, the MCO.

Background information: Crypto.com

Formerly called Monaco, Crypto.com is a Hong Kong-based centralized cryptocurrency wallet and payment platform. According to the company, its vision is to play a crucial role in pushing virtual currency into the mainstream. To this end, Crypto.com provides its users cryptocurrency-enabled wallet and card services. Approved as a VISA program management firm, Crypto.com’s cards empower customers to purchase, spend, and sell their digital assets effortlessly. To offer a native cryptocurrency that is acceptable and tradeable, Crypto.com’s MCO meets ERC-20 algorithm compliance. As a result, the token now trades on the world’s leading exchanges, including Binance, Bithumb, and Bittrex.

The XRP Addition Is Yet Another Achievement

Indeed, the addition of XRP to its payment options is yet another achievement of the cryptocurrency payment company. For two weeks in a row, Crypto.com has had an impressive run, breaking new grounds in the cryptocurrency landscape. To bring it into perspective, Crypto.com has recently rolled out a new payment solution called xRapid. You already know that xRapid is the Ripple’s tech-based product that uses XRP to offer on-demand liquidity. In the end, this ensures real-time payments and lowering of transaction costs in emerging markets (EM). Indeed, this is one of the measures that the firm uses to deepen cryptocurrency adoption in Hong Kong and elsewhere in the world.

Official Remarks

The Co-founder and CEO of Crypto.com, Kris Marszalek, explained the relevance of adding XRP to their portfolio. Marszalek noted that the addition became possible following the firm’s revamp of its backend infrastructure. The chief executive noted that this means their customers should expect more cryptocurrencies to arrive in the days ahead. He also pointed out that users can perform transactions without any fear of security breach. Going forward, he also added that they intend to increase their digital assets to ensure that they list “all cryptocurrencies that matter.”

RISK DISCLOSURE

This article should not be taken as, and is not intended to provide, investment advice. Users are ultimately responsible for the investment decisions he/she/it makes based on this information. It is your responsibility to review, analyze and verify any content/information before relying on them. Trading is a highly risky activity. Do consult your financial adviser before making any decision. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

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