Senator Cynthia Lummis (R-WY) has given a specific date for when her long-awaited crypto regulator bill will be unveiled. The legislation will help to sort cryptocurrencies under appropriate regulatory labels and federal jurisdictions. According to a tweet from the senator on Friday, the final version of her bill will be released on Tuesday, June 7th. Lummis has spent months working on the bill alongside Senator Kirsten Gillibrand (D-NY), announcing it as early December 2021. The bill will reportedly provide sweeping…
The Rise of Ripple
Ripple (XRP) is a cryptocurrency project created by Chris Larsen and Jed McCaleb under Ripple Labs. It was primarily built as a digital asset designed to overcome several international banking problems, cross-border payments, and sourcing liquidity. XRP has remained among the top 5 cryptocurrencies by market cap since 2017.
The principal target audience of XRP is banks and payment providers, where the speedy settlement time can function as a liquidity source. This allows Ripple to tap new and unexplored markets by leveraging blockchain technology. In some ways, Ripple builds on the already existing financial infrastructure and tries to make it faster and more efficient.
Since Ripple is not a ledger-based platform, wallet compatibility for its native token – XRP has been very limited. Due to its complexity, there is a need to segregate the best wallets available for Ripple in the market, satisfying the user’s needs.
Need for A Dependable Wallet
There are several things to consider before settling on an XRP wallet provider. The characteristics of a wallet depending on the usage and preferences of the holder. Wallets range from hot wallets – that is secure and connected to the blockchain, to online wallets – that use a custodian to store funds and finally to a hardware wallet that is considered the most secure way to store funds.
After a careful survey, we have come up with a list of some of the most reliable Ripple Wallet providers in the market. Their usage and features span the entire spectrum of user preference. We encourage our readers to look at the list and choose the Best Ripple (XRP) Wallet that meets their preferences.
Considered by several outlets as the Best Ripple Wallet to date, Edge wallet is a mobile multi-currency wallet for iOS and Android that displays advanced security features. Edge is considered a “hot wallet” connected to the Internet via the mobile phone. Rest assured, Edge is a highly secured application, supporting email-based backup, 2-factor authentication, and a wide range of security features. Users will be happy to know that Edge does not store any of the credentials of the users.
The Edge Wallet is one of the few applications in the market that supports the storage and transfer of XRP.
- 21+ Token Support
- Amazing UI
- Can Buy and Sell
- No 3rd Party in between
GateHub is a highly influential player in the crypto industry. Besides being the most secure and trusted wallet in the market, GateHub is also a platform dealing with various services. GateHub is unlike most application-based wallets in that it is also the custodian of cryptocurrencies. It stores its users’ assets who trust the wallet because of its security and ease of use.
GateHub supports XRP and allows you to receive, send, and store cryptocurrencies like ETH, ETC, REP, DASH, QAU, XAU, etc. One of the things that set GateHub apart is that it is both a Platform and a Wallet. The wallet allows you to store all your digital assets securely. In contrast, the platform allows you to trade cryptocurrencies with fiat currencies like USD, EURO, INR, etc., and even precious metals like gold and silver.
- A platform for Storage and Investment
- Analytics feature for the technical user
- Instant crypto-to-crypto and crypto-to-bank transfer
- Exposure to a wide range of investment tools
- Online Wallet (Browser-Based)
Toast is an open-source XRP specific wallet. The open-source nature makes it incredibly simple and more secure than most providers. This combination of security and simplicity has made Toast wallet one of the most downloaded Ripple wallets for iOS and Android.
Toast boasts the widest range of support for XRP. It has released applications for 7+ platforms, both mobile and desktop. One of the best features of Toast is that it is a fully open-source project, overseen and developed by members of the Ripple community themselves.
- Exclusive Wallet for XRP
- Multi-platform Support
- Open-Source and dependable
- Multi-layered backup
- Chrome (Browser-Based)
The Ledger Series
The Ledger Series hardware wallets, i.e., Nano S and Nano X, are some of the most popular and versatile hardware wallets out there. The best feature of hardware wallets is that they are more secure and trustworthy than online or Hot wallets. Secure your Ripple assets with the most trusted hardware wallet. Cold storage wallets are typically encrypted devices that store users’ XRP and other tokens offline. That added encryption provides a layer of security against the threats emerging from being connected to the Internet.
Ledger Nano, a hardware wallet for Ripple and other cryptocurrencies, makes currency usage easy, secure, and hassle-free. By connecting a compatible device with Nano – a PC or a mobile, users can start storing cryptocurrencies right away.
- Secure hardware storage
- Increased Security
- 23+ coins support