Binance, one of the largest exchanges for the purchase of Bitcoin, Ethereum, Ripple and other cryptocurrencies, is gearing up. Accordingly, it is now possible on the stock exchange to pay for cryptocurrencies by credit card. This option is now being added to the Exchange for its platform Trust Wallet, which now also supports the cryptocurrency XRP.
Binance is increasingly talked about. For example, the Bitcoin Exchange has not only been planning the launch of its own decentralized exchange for a long time. Their central exchange is also being expanded. Accordingly, users can now pay their crypto currencies by credit card.
Trust Wallet offers credit card purchase of cryptocurrencies
This works through the in-wall wallet Trust Wallet. She officially announces that she now also includes Ripples XRP in her offer. With the dApp you can now buy the crypto currencies XRP, Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC) and Ether (ETH) with credit cards.
Trust Wallet is also ERC20 compliant. In the end, this means that you can use the wallet to manage or use all the tokens issued by Ethereum. As the company further promises, it is a completely anonymous digital wallet. In addition, the users’ private keys are kept “in a safe place”, according to official statements
Wallet should serve as the basis for the upcoming decentralized exchange
The wallet should also be the basic equipment for the upcoming decentralized exchange. With the launch of the DEX from Binance, a complementary solution to the existing stock exchange is to be created. Finally, it will address the shortcomings of centralized institutions. These include above all the so-called single point of failure, which arises from the fact that crypto exchanges are usually vulnerable via a single server. This will allow attackers to hack exchanges and steal the crypto currencies stored there.