Today, Ripple company released news about the next steps by BRD’s cofounder, Aaron Voisine. As we know, the XRP token was added to the BRD crypto wallet previously and now Aaron Voisine is working on enterprise expansion.
“BRDHQ is working to democratize access to and use of digital assets for consumers and businesses alike,” Ripple posts on the Twitter official account.
.@BRDHQ is working to democratize access to and use of digital assets for consumers and businesses alike.
— Ripple (@Ripple) February 12, 2020
From date, IoS users can use and store tokens in a safe and easy way on their cryptocurrency wallets. However, android support will be added over time.
According to Voisine, the choice of XRP is due to the high demand of its customers for access to more digital assets.
The cofounder of BRD notes the high scalability of the asset, as well as the variety of use cases in the direction of processing cross-border payments, are part of the reasons it is working together with Ripple.
Thus, BRD will be able to attract the attention of new customers and expand the enterprise.
Currently, ODL (On-Demand Liquidity) is actively used in a number of companies, including MoneyGram money transfer service. About 10% of the organization’s transactions between the USA and Mexico are carried out.
According to Ripple CEO Brad Garlinghouse, in October 2019, the company conducted more transactions than in the entire 2018. The startup representatives noted that the results, including, were achieved due to the effectiveness of On-Demand Liquidity.
Recall that earlier the capital division of Ripple, Xpring, invested in the BRD cryptocurrency wallet.
Xpring announced the news on its blog on October 11, noting that BRD is a mobile cryptocurrency wallet with a registered user base of over 2 million.
Large User Base and Geography
Choosing BRD, Xpring allegedly focused on a large wallet user base and territorial coverage in 170 countries with over 3 million users, as well as on the stable growth of key company indicators, such as transaction volume. In turn, BRD is preparing for enterprise expansion.
In June of this year, BRD entered into a partnership with Wyre, a payment system and infrastructure company, to allow its US customers to buy cryptocurrencies through bank transfers. The new service is reportedly supported by more than 1,700 US banks and allows you to register purchases within five minutes.