Another means to improve the liquidity of XRP, the third largest digital currency by market capitalization, has just been realized. SafePal recently announced the addition of XRP as an option for its teeming users to leverage on.
SafePal, a wallet empowering users to store and manage cryptocurrency easily and securely, also brags as the first hardware wallet to secure the backing of Binance Labs.
As related by SafePal, its wallet is equipped by many experts with years of experience in cyber-security, hardware and software development. In a nutshell, they are the brain behind the success of the crypto wallet.
XRP Goes Live on SafePal Wallet
The announcement of the addition of XRP was made known some hours ago via SafePal’s official Twitter handle. The crypto wallet stressed its excitement on the benefit emerging through the addition of Ripple’s digital coin, XRP.
$XRP is finally #LIVE on SafePal!🥳
XRP is a digital asset built for global payments. Can't wait to see dear users paying XRP using a SafePal wallet!😎
Start your XRP @Ripple trip with SafePal today! pic.twitter.com/gAvjKfPCXl
— SafePal Wallet (@iSafePal) October 16, 2019
XRP has now joined the likes of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Binance Coin (BNB) and a host of coins already supported on SafePal Wallet.
Ripple Invests in XRP Toolkit Creator
Adoption of XRP is placed at the forefront of Ripple’s plans for expansion. The quest made the US-based Blockchain Tech to strategically invest in the creator of XRP Toolkit, Towo Labs, a few days ago.
According to Xpring, the investment arm of Ripple, the payment firm is working on solving problems related to some use cases of XRP. The earnest search for secured hardware wallets constituted the reason Ripple invested in Towo Labs, a startup that develops open-source software.
Towo Labs designed the XRP Toolkit so as to enable users to safely manage their security keys and transaction processes on the XRPL, powered by Secalot wallet.
XRP in the Market
Ripple’s XRP is closer to retesting $0.3 resistance level. Among the top 10 cryptocurrencies, XRP has been the best performer so far, preceding the reluctant growth it experienced with other coins about 24 hours ago.
At press time, XRP is trading at $0.296138, with 3.43% price upsurge in the last 24 hours. The digital token has been moving higher in the market, which is the expectation of the community of members behind it.
Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.