Binance, the leading cryptocurrency exchange by trading volume, has enhanced its native Trust Wallet with two major updates: XRP support and credit/debit card purchases. This move aligns with Binance’s mission to improve global crypto accessibility and liquidity.
Key Features of the Update
XRP Integration
- XRP, the third-largest cryptocurrency, joins 16 other supported assets (e.g., Bitcoin, Ethereum, Litecoin).
- Users can now securely store and manage XRP within Trust Wallet.
Fiat-to-Crypto Purchases via Credit/Debit Cards
- Partnering with Simplex, Trust Wallet enables instant cryptocurrency purchases.
- Simplifies onboarding for new users by eliminating complex transfer processes.
Open-Sourced Wallet Core
- Binance recently open-sourced Trust Wallet Core, allowing developers to build custom dApps and wallets atop its infrastructure.
Strategic Implications
- Binance DEX Integration: Trust Wallet will seamlessly connect with Binance’s decentralized exchange (DEX), launching in Q2 2019.
- CEO Changpeng Zhao’s Vision: Binance aims to explore partnerships with Ripple’s xRapid to further enhance cross-border payment solutions.
👉 Explore Trust Wallet’s latest features
FAQ Section
Q1: How do I buy XRP via Trust Wallet?
A: Navigate to the “Buy” tab, select XRP, and complete the transaction using your credit/debit card.
Q2: Is Trust Wallet free to use?
A: Yes, it’s a free, non-custodial wallet with no hidden fees.
Q3: What cryptocurrencies are supported?
A: Bitcoin, Ethereum, XRP, Litecoin, and 13+ other major assets.
Q4: When will Binance DEX launch?
A: Early Q2 2019, pending final testing phases.
👉 Learn more about Binance DEX
This article is for informational purposes only and does not constitute financial advice.
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