Users can now store their XRP coins using the Coinbase Wallet app. The information was released by Coinbase in a blog post on March 14. A few weeks ago, Coinbase added support to XRP on its trading platform Coinbase Pro.
Coinbase Wallet Adds XRP Support
According to the press release written by Coinbase, their goal is to create the world’s leading user-custodied cryptocurrency wallet. At the moment, the wallet supports Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC) and many different ERC20 and ERC721 coins. Now, users will also have the possibility to handle XRP from Coinbase Wallet.
The new wallet update will include Ripple’s coin XRP and it will be ready for iOS and Android users during the next week. In order to activate this functionality, users have to tap on “Receive” on their main wallet tab and select XRP. Users must have 20 XRP at all times as minimum balance to make transactions.
Developers and other interested users will also have the possibility to work with the XRP Testnet. Users can directly switch to the testnet using the Advanced Settings section. Furthermore, Coinbase Wallet uses Secure Enclave technology in order to provide security to users using the wallet.
In the future, the company could add support to other digital currencies, as they’ve informed in their press release.
XRP is the third largest digital asset in the market. It has a valuation of $13 billion and each XRP can be purchased for $0.31, according to CoinMarketCap.