Spend, a Canadian based wallet has declared its support of trading for cryptocurrencies like Bitcoin, Litecoin, Bitcoin Cash, Ethereum, Cardano (ADA), Ripple and other cryptocurrencies.
Spend is a multicurrency digital wallet which is used by 40 million merchants all across the globe. This will spearhead the use of cryptocurrencies like Ripple can be used to facilitate transactions between different countries across the globe.
The digital wallet allows users to exchange fiat currencies like USD, CAD and EUR with digital cryptocurrencies. It also gives users to spend fiat and cryptocurrencies with the help of Spend Visa card.
Users will have access to use the Visa card to facilitate transactions with more than 40 million merchants present worldwide.
This news comes in after Coinbase, the largest cryptocurrency exchange in the US had announced after their recent funding that they’ll be introducing major cryptocurrencies on their platform.
Brad Garlinghouse, the CEO of Ripple also projected that XRP will be the largest cryptocurrency as dozens of high-profile banks will be using their services by the end of next year.
XRP creates records
Ripple has been on the headlines due to the meteoric rise in the value of XRP last week and their formation of new partnerships with financial institutions to use their cross-border payments tool- xRapid. Ripple Inc., the company behind the creation of XRP and xRapid is also backed by reputable financial institutions across the globe.
When xRapid will be widely adopted by financial institutions, the value of XRP will skyrocket beyond people’s belief.
The XRP community has one of the most passionate investors who truly believe in XRP and its functionalities which can disrupt the way people use money to trade. Bitcoin’s cryptocurrency market share also fell as XRP had gained a sudden increase in its market valuation, briefly out-pacing Ethereum as the second largest cryptocurrency in the crypto-market.