The use cases of both are very different: Monero features RingCT for anonymous transactions while Ripple serves as a more efficient monetary vehicle, popular for liquidity, speed, and low transaction barriers.
"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," stated Paul Puey, CEO and co-founder of Edge.
He went on to say, "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."
Cryptocurrency forums and communities like Reddit (r/CryptoCurrency) are frequently posting questions about mainstream platforms adopting Ripple and Monero. Edge aims to be the first of many that will add support for the currencies and make using and securing them easier than ever. With built in support for ShapeShift, users also get a streamlined experience 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. Paul and the Edge team are building boldly and creatively; forging ahead, and seeing the fruits of their endeavors." stated ShapeShift CEO, Erik Voorhees
"The MyMonero team is extremely pleased to watch the Monero ecosystem grow, and we couldn't be more excited that Edge has chosen our app library and server infrastructure to implement their Monero integration. We hope this integration serves as proof that adding deep and featureful Monero support in short order is very possible."
Edge's full 1.2.0 release includes:
- Support to hold, send, and receive Monero (XMR)
- Support to hold, send, and receive Ripple (XRP)
- Support to hold, send, and receive Quantum (QTUM)
- Support for buying and selling Bitcoin using credit card worldwide via Simplex integration
- Ability to sweep private keys for Bitcoin, Bitcoin Cash, Litecoin, and Dash.
- Export transaction history to CSV and Quickbooks (QBO) files
- Ability to restore deleted wallets
Founded in 2014 as Airbitz, Edge (as of Oct 2017) is a secure multi-asset wallet offering privacy, autonomy, and protection, all on your mobile device. Thanks to their edge-secure client-side encryption, user private keys are secured before ever leaving a user's device. Edge supports Bitcoin, Bitcoin Cash, Ethereum, Dash, and other popular cryptocurrencies.