Crypto Wallet Edge Adds Monero and Ripplebr>
Multi-asset wallet provider Edge, formerly Airbitz, has added support for Monero (XMR) and Ripple (XRP).
The Edge wallet, released in February of this year, focuses primarily on providing a secure platform to hold and trade cryptocurrencies. It offers support for bitcoin, Bitcoin Cash, Dash, ethereum, Litecoin, Feathercoin, Zcoin, and now Monero and XRP. It also includes support for Segregated Witness (SegWit) transactions for both bitcoin and Litecoin.
“We’ve listened closely to our community over the last few months and found a strong demand for these currencies on the Edge platform,” said Paul Puey, CEO and co-founder of Edge. “Both communities are different but they face the same issue: how do we hold and use our currency? Edge is proud to announce that they can now find that option here.”
The two newly supported cryptocurrencies offer very different use cases. Monero features RingCT for anonymous transactions and has attracted illicit use by people interested in evading law enforcement. Ripple, on the other hand, serves as a more efficient monetary vehicle, popular for liquidity, speed, and low transaction barriers.
“While solutions exist to gain price exposure and invest in these currencies, there are no options that let users hold, send, receive, and trade these currencies from a secure wallet they control, with no custodian, and alongside a dozen other crypto assets,” said Puey. “This is all from the convenience of their mobile phone.”
Edge aims to be the first of many that will add support for Ripple and Monero and make using and securing them easier. Edge’s partnership with Shapeshift will also allow users to exchange these cryptocurrencies for other assets such as Bitcoin, Bitcoin Cash, Ethereum, Augur (REP), and various other ERC20 tokens.
“It’s always a pleasure for ShapeShift to partner with a team that is willing to take on a daunting task like Monero support,” said ShapeShift CEO Erik Voorhees. “Paul and the Edge team are building boldly and creatively; forging ahead, and seeing the fruits of their endeavors.”