The firm revealed on October 11 that Xpring would invest around $750,000 into BRD as part of its intention to “build the internet of value.” As a feature of this new “strategic partnership,” BRD will incorporate XRP and start creating on Xpring’s developer platform.
“The partnership and investment will enable BRD users to hold, buy, sell and send XRP to anyone in the world,” an official statement underscored.
Xpring senior VP Ethan Beard commended BRD as “one of the oldest and most respected” mobile wallet suppliers in the space. He stated that the wallet is helping in mainsteam adoption of digital currencies, adding:
“The BRD team has helped consumers on-ramp $6 [billion] worth of traditional currencies into digital currency, making them an ideal partner to continue the proliferation and adoption of cryptocurrencies like XRP to solve real-world problems.”
“We’re incredibly excited about joining forces with Ripple to bring XRP to our user base,” Adam Traidman, CEO and co-founder of BRD, said in a statement. “Ripple understands the need for a strong wallet partner as they push into key markets like cross-border banking and remittance, so we are thrilled to help them achieve their goals. In addition, it is our plan to have BRD be the cheapest and easiest place to buy XRP moving forward.”
BRD revealed support for XRP recently, subsequent to when Xpring started offering a software development kit for firms to incorporate XRP and fiat payments into various applications. The wallet previously provided support for bitcoin, bitcoin cash, ethereum, ERC-20 tokens, and DAI, with clients ready to buy bitcoin, ethereum, and DAI utilizing ACH wire moves.
The firm at present offers its iOS and Android applications in around 170 nations.