CRYPTOCURRENCY wallet provider Edge, originally called Airbitz, has added interface support for monero (XMR) and ripple (XRP) currencies.

By Joe Gamp

The founders of the Edge platform said they were expanding their platform to hold and trade ripple and monero due to a “strong demand” for the cyptocurrencies

The wallet already supports bitcoin, bitcoin cash, dash, ethereum, litecoin, feathercoin, zcoin and now, the new additions monero and ripple.

Edge also includes support for Segregated Witness (SegWit) transactions for both bitcoin and litecoin.

Paul Puey, co-founder of the Edge platform, said: “We’ve listened closely to our community over the last few months and found a strong demand for these currencies on the Edge platform.

“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 uses.

Monero is specially designed to use RingCT, an anonymous transaction log that hides that amount sent in a transaction.

But it has attracted usage by people interested in evading law enforcement.

Meanwhile ripple, is seen as an efficient and non-illicit monetary vehicle, which has grown in popularity for its liquidity, speed and low transaction barriers.

Mr Puey said: “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.

“This is all from the convenience of their mobile phone.”

Edge’s partnership with cryptocurrency exchange 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.

ShapeShift CEO Erik Voorhees said of the partnership: “It’s always a pleasure for ShapeShift to partner with a team that is willing to take on a daunting task like Monero support.

Continuing, he said: “Paul and the Edge team are building boldly and creatively; forging ahead, and seeing the fruits of their endeavors.”

Earlier in June, a secret cluster of 1,600 investors known as bitcoin whales’ collectively hold a third of the entire cryptocurrency with holdings of $37.5billion, according to new data.

Data from blockchain research company Chainalysis showed in April there were 1,600 bitcoin wallets held by investors, all of which contained 1,000 of the alt-coin each.

The unidentified ‘whales’ scooped an eye-watering 5million bitcoins between them, which amassed to a third of the market, according to the FT.

 

Taken from SundayExpress

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