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Ripple {XRP} decides to invest in Vega Protocol and BRD Wallet; assets rebounds


Ripple’s Xpring is constantly on the lookout for more partnerships in an effort to pursue the primary goal of mass-adoption. Two crucial developments were announced a short while back.

An article on Coil published recently [by Vanessa Pestritto] dictates that the Vega Protocol is focussed on formulating and trading derivatives in decentralized spaces. Xpring is searching for more teams immersed in the rapidly evolving DeFi market. Vega can operate with numerous currencies and uses cross-chain communication. Tendermint serves as the consensus layer.

Xpring has also moved forward with a whopping $750k investment deal associated with the BRD Wallet. BRD can begin using the XRP Ledger effective immediately and inculcate XRP into the apps tied to iOS as well as Android devices. Thus, one can HODL and trader using XRP coins from any corner of the world.

An unconfirmed source claims that BRD’s services cater to over 2 million people globally. As of now, the wallet allows the user to store Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], and a few ERC-20 tokens.

This initiative was meant to bring in a higher level of institutional interest. It may also lead to better growth of the DeFi industry.

XRP is ranked at #3 to the north of Bitcoin Cash in the market. The trading volume recorded stands at roughly $1.211 billion, whereas the supply has 43,166,787,298 XRP coins involved as part of the circulation. The total market cap of XRP amounts to $11.995 billion as of this instant. XRP rose at a rate of 2.58% in the course of the past 24-hours; this, in turn, brought the price all the way up to $0.277886 where it currently rests.

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