Coinbase Wallet adds support for Ripple (XRP)

Popular bitcoin and crypto exchange company Coinbase announced today that its users can now store XRP directly in the Coinbase Wallet app.

Coinbase Wallet already supports Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, and over 100,000 different ERC20 tokens and ERC721 collectibles built on Ethereum.

The new Wallet update with XRP support will roll out to all users on iOS and Android over the next week. Note that the XRP ledger requires that all wallets have a minimum balance of 20 XRP.

The Wallet also supports the XRP Testnet to aid developers and power users.

Private keys on the Coinbase Wallet are encrypted using Secure Enclave technology. This specialized hardware is considered the most secure way to safeguard private data on mobile devices.

Earlier this week, crypto exchange Binance supported wallet, Trust Wallet, announced support for XRP as well.