Ripple is at present looking out for ideas that have the possibility of increasing the adoption of XRP, and so, the Sans Francisco-based firm has invested in Towo Labs, a startup behind the creation of XRP Toolkit.
The investment, as shared by Ripple’s investment arm, Xpring, came as the blockchain firm keeps looking for ideas that could bring long-lasting solutions to the problems faced by some existing use cases of XRP. As well, Ripple is exploring initiatives that could bring in more opportunities.
XRP holders are often asked “What are the options to use XRP in a secure and accessible manner?”, an affirmation that usability is a top priority. The continuous look for better custody to save XRP made security experts advise that holders of cryptocurrency store keys in save place, but the ease of access is no doubt a great issue.
The continuous look for a secured hardware wallets made Ripple invest in Towo Labs, a developer of open-source software which supports XRP.
Through the partnership, Towo Labs will offer Ripple’s XRP the capacity to “leverage all transaction types on the XRPL in a secure format addressing the usability issue faced by crypto users, Xpring has said in an update.
Towo Labs team were behind the launch of XRP Toolkit, an innovative idea that gives XRP holders the ease of managing their security keys and execution of transactions on the XRPL from the Secalot wallet.
The lab is planning to launch an updated XRP Toolkit that will allow users to have access to a non-custodial, trustless and seamless XRP Ledger web interface.
The web interface will support all the 17 XRP Ledger transaction types and complete hardware wallet support.
Tawo Labs team are working relentlessly to make sure all XRP transaction types are added to virtually all popular and secured hardware wallets like Trezor T, Ledger Nano X, Ledger Nano S and some others.
Founded in 2019, Towo Labs was formed purposely to develop extraordinary XRP Ledger and Interledger infrastructures and make non-custodial cryptocurrency management seamless.
More Partnership in Sight?
Ripple has been investing in various ideas in recent time. Last week, Ripple announced investing in BRD Exchange and Vega Protocol.