Binance's Trust Wallet Adds Support for XRP, Credit Card Payments

Cryptocurrency exchange Binance's official wallet, Trust Wallet, now lets users buy cryptos with credit cards.

The new payment option is being offered in partnership with Israel-based payments processor Simplex, according to an announcement from Binance on Tuesday.

At the same time, the exchange said, Trust Wallet is adding support for XRP, the third largest cryptocurrency by market capitalization.

Trust Wallet users can now purchase XRP, bitcoin, bitcoin cash, litecoin and ether with "Major" credit and debit cards.

"We want to increase access to crypto and decentralized applications for all users," said Viktor Radchenko, founder of Trust Wallet.

"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."

The wallet was compatible with only ethereum and ethereum-based tokens at the time.

The exchange has enabled support for multiple cryptocurrencies and currently supports 17 tokens and "Hundreds" of decentralized apps or dapps, according to Tuesday's announcement.

Binance further said that Trust Wallet will be a native wallet to its upcoming decentralized exchange, Binance DEX, which is expected to launch in early Q2 of this year.

Support for credit cards purchases, also in partnership with Simplex, allowing users to buy bitcoin, ether, litecoin and XRP. Credit cards image via Shutterstock.