Binance, the world’s largest cryptocurrency exchange by trading volume, announced two new offerings for its Trust Wallet on 12 March.
Binance introduced Trust Wallet as the secure multi-cryptocurrency wallet and its official wallet. Trust Wallet is now empowered with support for credit card payments for digital coins. Another novel feature is the wallet’s support for Ripple’s coin (XRP), which users can now send, receive, store and exchange.
Binance emphasized that with this integration of XRP, Trust Wallet builds a base to support 17 blockchains. Trust Wallet also provides user access to a multitude of decentralized applications (DApps) through its Web3 browser.
Binance highlighted that Trust Wallet users can now purchase popular currencies like Ripple (XRP), Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC) and Ethereum (ETH) through major credit and debit cards. Binance noted that such purchases have been facilitated through its integration with payment processing company Simplex.
Binance expressed that with the recent launch of Trust Wallet Core, an open-source cross-platform wallet library; the blockchain community has further bonded. Developers can easily build DApps and wallets natively, without being concerned about low-level complex details. Trust Wallet Core is a versatile library with several advanced features.
Viktor Radchenko, Founder of Binance’s Trust Wallet cited –
“We want to increase access to crypto and decentralized applications for all users. Adding credit card payments is one piece to furthering cryptocurrency adoption and realizing our larger vision in helping to bring the freedom of money, and we will continue to integrate more blockchains and features to Trust. Our recent open-sourcing of Trust Wallet Core also makes it easy for developers to integrate new blockchains and we encourage everyone to check out the library.”
Binance informed that acquired in July last year, Trust Wallet has scaled up from being a class Ethereum wallet to a multi-currency wallet. Users can seamlessly navigate between different blockchains. While support for Bitcoin is the default, support for popular altcoins is handy. Trust Wallet is known for its clean interface and high level of security. Another distinction of Trust Wallet is that it is suitable for all users with varied crypto awareness.
Binance is often quoted making big news. Last week there was a report about the Government of Argentina supporting Binance Labs as part of the blockchain development in the country.
Binance concluded its blog headlining that Trust Wallet would be the native wallet to the upcoming Binance DEX, a decentralized exchange built on the new Binance blockchain. Expected to launch in the second quarter of this year, Binance DEX is poised to be a fast and secure peer-to-peer digital asset exchange.