There has been further encouraging new for Ripple this week as several reports have stated some companies are planning to collaborate further with the project and Binance today surprised the community by announcing the feature for users to purchase XRP tokens directly through credit cards via the exchange.

Binance originally added this feature for BTC, ETH, and LTC in January earlier this year. However, CZ the CEO of Binance- has been listening to users requests by announcing the functionality will now also extend to Ripple.

The eagerly anticipated feature is due to the result of Binance’s partnership with a payment processing company called ‘Simplex.’

The new addition will allow the convenience for users to purchase certain cryptocurrencies through Binance using only a credit or debit card and without the hassle of purchasing via a different exchange than having to send to a different one for further use.

Along with this news, Barclays and MasterCard, two of the largest financial conglomerates worldwide, have invested in a remittance company called SendFriend. This is significant because the company currently uses the XRP-based xRapid service.

SendFriend is predominantly targeting the Philippine and US remittance market, and evidently, this market is exhibiting encouraging signs for both Barclays and MasterCard to get involved. Their involvement will no doubt lend further legitimacy to the adoption of cryptocurrencies and specifically the XRP token.

Further positive news for Ripple is that Western Union, a specialist in cross-border money transfer, has shown interest in trialing the xRapid payment system.

In a podcast with Analyse Asia, the company’s Global Money Transfers General Manager in the Asia Pacific, Molly Shea stated:

“We’re piloting some settlement tests with Ripple for certain corridors, the US Dollar and the Mexican peso is one example…learning about possible opportunities…the options that we choose need to be legitimate and widely acceptable for consumer use.”

This is a very promising time for Ripple and by default the cryptocurrency adoption space. Major financial institutions are showing great enthusiasm towards the project, which will hopefully lead to beneficial results in the foreseeable future.

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