Ripple Partners With BRD To Promote Mainstream Adoption Of XRP

Ripple Partners With BRD To Promote Mainstream Adoption Of XRP

Ripple, the blockchain firm behind XRP cryptocurrency, has been active in boosting the mainstream adoption of XRP. As per the latest news, it has recently been announced that Ripple’s Xpring has partnered with BRD; the oldest and most widely known mobile wallet provider.

The senior vice president, Mr. Ethan Beard of Xspring has stated in an interview that the partnership is purely strategic with Xpring pledging to invest a sizeable ($750,000) fund into BRD while the mobile wallet provider integrates the XRP cryptocurrency into its platform in return.

It was further added via a press release that post-partnership between Xpring and BRD, the current users of BRD will find convenience not only in trading XRP, but sending it as a form of payment as well.

BRD Will Be The Cheapest Platform To Buy XRP

The current CEO of Ripple, Brad Garlinghouse, has already declared in a podcast that XRP utilizes a slightly different approach than Bitcoin and aims at becoming a real-life payment platform that is equally acceptable for the governments, banks, and regulatory bodies alike. Considering that BRD has helped users to convert as much as $6 billion of conventional currencies into digital assets, partnering with the mobile wallet provider is expected to be an impeccable move to further expand the use of cryptocurrency while boosting its global acceptance.

Mr. Adam Traidman, the co-founder and current CEO of BRD has echoed the excitement regarding the partnership and has stated that BRD is thrilled to offer the cheapest and most convenient platform to the users for buying and selling of the XRP cryptocurrency by Ripple. He further added that in order to penetrate the key markets such as the likes of remittance and cross-border banking, partnership with a well-established mobile wallet provider is not optional but a necessity. BRD is, therefore, excited to work with Ripple and push them closer to their goals in this regard.

BRD currently supports multiple other cryptocurrencies including Bitcoin, Ehtereum, Bitcoin Cash, DAI, and ERC-20 token. The android and iOS applications for the mobile wallet are available in around 170 countries.

XRP – Technical Levels To Watch

XRP is currently trading at $0.2845 after breaking a relatively stronger resistance at $0.2811 level. The next resistance, as supported by the 100-days EMA as well, is located at $0.2890. Further upside movement beyond this level will have $0.30 and $0.398 in sight.

On the downside, the nearest short-term support is located at $0.2804. The targets below $0.2804 level are $0.26 and $0.2584, according to the technical analysis. Since the start of October, the trading volume for XRP has been on a rise with a dominating bullish sentiment as evident from the RSI rebound around the 50 level.

By Michael Harris
Specialising in economics by academia, with a passion for financial trading, Michael Harris has been a regular contributor to Invezz. His passion has given him first hand experience of trading, while his writing means he understands the market forces and wider regulation.

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