Monday, January 30, 2023
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Ripple Pumps $750K Into BRD Wallet In Continuous Drive For XRP Adoption

by firstcryptonews
October 15, 2019
in News
Ripple Pumps $750K Into BRD Wallet In Continuous Drive For XRP Adoption

As part of its quest for increased adoption of XRP, Ripple has injected an investment worth $750,000 into BRD, a digital currency wallet provider. Formerly known as Bread, BRD will now access the XRP Ledger, allowing the easy incorporation of XRP into its wallet platforms as available both on the iOS and Android mobile operating systems.

Currently, BRD has a large enough customer base of at least 2.5 million spread across about 170 countries. Its top markets with the highest concentration of transactions and users include Japan, Germany, Australia, the U.S., the U.K., and Canada.

According to BRD CEO and co-founder Adam Traidman, the partnership with Ripple is beneficial because it allows the company to expand its reach to an already large community of XRP users. Traidman also hopes to attract XRP users by making transactions on XRP as seamless as possible. He said:

“It is our plan to have BRD be the cheapest and easiest place to buy XRP moving forward.”

The investment was facilitated through Xpring, Ripple’s initiative for the investment, incubation, and acquisition of firms that either already support XRP or are looking to do so.

Xpring Senior Vice President, Ethan Beard, has also described BRD as “an ideal partner” because the crypto wallet provider so far, has been able to handle fiat to crypto transactions worth up to $6 billion. Beard believes that the BRD platform will aid Ripple’s problem-solving aim.

Before now, BRD had successfully raised $32 million in its 2017 initial coin offering (ICO) for the company’s BRD tokens. It later pulled in $1 million in a funding round and another $15 million Series B funding round in January this year, led by SBI Holdings.

In total, BRD has received $56 million. Traidman has said the Ripple investment might be the last in a while as the company is focused on a project that will be largely beneficial to “crypto developers and large financial enterprises.”

The BRD wallet already supports Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH) and more than a few ERC-20 tokens. The wallet is also completely non-custodial, giving users the power to retain full control of their holdings, all “without providing any personal information.”

Related Posts

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

by firstcryptonews
January 16, 2023
0

Vaduz, Liechtenstein. Decentralized Finance Innovator Mimo is launching “KUMA Protocol”: the first DeFi protocol issuing tokens backed by regulated NFTs, themselves...

The Connecter 4.0- The World’s First Decentralized Bottom-Up Economy

The Connecter 4.0- The World’s First Decentralized Bottom-Up Economy

by firstcryptonews
June 18, 2022
0

The Connecter is an entire decentralized platform comprising of 4 fundamental elements that together create an ecosystem- The Connecter banking,...

DX Cup – Soccer Metaverse

DX Cup – Soccer Metaverse

by firstcryptonews
March 31, 2022
0

Despite the varying geographical and political situations in different parts of the world, if there’s anything that has remained consistent...

KAZANO The currency that changes the market rules of the crypto in the world

KAZANO The currency that changes the market rules of the crypto in the world

by firstcryptonews
January 22, 2022
0

KAZANO Currency Brief Overview 1 What is the casino currency 2 What he came to solve 3 What market is...

unime

Why you’re a LOSER if you use Facebook!

by firstcryptonews
October 12, 2021
0

Facebook, Instagram and the widely-used WhatsApp messaging service all broke at the same time. Complete radio silence. The reason is...

Top Secure Encrypted Messaging Apps in 2021

Top Secure Encrypted Messaging Apps in 2021

by firstcryptonews
October 6, 2021
0

Are you using the secure messaging app? Specifically, one of those apps uses encrypted messaging. It will help you prevent...

Next Post
Facebook’s Crypto Project Is Falling Apart; eBay, MasterCard, Stripe, And Visa Bail On Libra Association

Facebook’s Crypto Project Is Falling Apart; eBay, MasterCard, Stripe, And Visa Bail On Libra Association

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

CRYPTOLOGY

Cryptology Online Crypto Marketplace Review

1 year ago
Arowana

The Musical ‘Jack The Ripper’ NFT Ticket Has Successfully Sold Out in Arowana NFT Marketplace

1 year ago
CRYPTOCURRENCY ACCEPTED AT PRIVATE AUCTION FOR LONG ISLAND MANSION

CRYPTOCURRENCY ACCEPTED AT PRIVATE AUCTION FOR LONG ISLAND MANSION

9 months ago
POPKON TV celebrates POPK Blockchain Technology

POPKON TV celebrates POPK Blockchain Technology

8 months ago
Senegalese Government Gives Akon Final Greenlight For Crypto-Friendly “Akon City”

Senegalese Government Gives Akon Final Greenlight For Crypto-Friendly “Akon City”

3 years ago
YES WORLD Token now supports 8 Trading Pairs, Also Available on PancakeSwap

YES WORLD Token now supports 8 Trading Pairs, Also Available on PancakeSwap

2 months ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

January 16, 2023

Press Release

A Newly Created DAO Aims at Building a Time Machine

A Newly Created DAO Aims at Building a Time Machine

January 30, 2023

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News