It seems that all major cryptocurrency exchanges and wallet companies have suddenly found some lost for XRP after the launch of JPM Coin. One after another major exchange and wallet company is announcing support for XRP, boosting its price higher and higher in the process. First it was Coinbase which added XRP to its platforms, and now Trust Wallet, a crypto wallet owned and operated by Binance, has announced its support for XRP. The support was announced yesterday night, and according to the announcement, it’s a move in the direction of adding support for top 20 cryptocurrencies.
That’s right. Trust Wallet said in its announcement that it’s adding XRP after user demand and as a part of its commitment towards adding support for all top 20 cryptocurrencies. The company said:
“We are happy to announce that we are releasing support for XRP. A lot of you have been asking for this addition and going to back to our promise of adding the top 20 cryptocurrencies, it was only a matter of time until we completed the Top 3 cryptocurrencies by market cap with newly integrated XRP.”
Adding XRP to your Trust Wallet is easy. You just ‘+’ button in the top right corner, scroll down to Ripple option and turn it on through the button given next to it. Once you do this XRP will be added to your tokens tab.
In order to submit transactions it’s a must for you to hold a minimum amount of XRP in shared global ledger. This amount shall be sort of a reserve, and you won’t be able to send it anywhere. Funding new address also goes the same way – you must send enough XRP to meet the reserve requirement. Currently that reserve requirement is 20 XRP.
It will be interesting to see which other coins are added next by Trust Wallet as part of its mission to add top 20 cryptocurrencies. Also for XRP it will be worth watching what impact this addition leaves on its price.