RATE Group | Xpring Invests in Swedish Startup to Build XRP Hardware Wallet Firmware
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Xpring Invests in Swedish Startup to Build XRP Hardware Wallet Firmware

23 Oct Xpring Invests in Swedish Startup to Build XRP Hardware Wallet Firmware

Posted at 13:24h in Cryptocurrency News by

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Ripple’s investment arm and tech incubator Xpring has invested in Swedish cryptocurrency self-custody startup Towo Labs to build hardware wallet firmware.

Xpring announced the news in a blog post on Oct. 16, stating that the startup plans to develop a new version of the XRP Toolkit and hardware wallet firmware supporting all XRP Ledger transaction types, as well as a non-custodial web interface.

In a parallel announcement, Towo Labs said that the firmware will support signing cross-currency payments, escrows, orders, and trust lines, among other things. It will also enable users to prepare transactions from untrusted devices prior to auditing and signing them in a hardware wallet.

Xpring widens support for XRP

Earlier in October, Xpring invested in cryptocurrency wallet BRD to enable users to hold, purchase, sell and spend XRP tokens through the wallet.

The announcement suggested that this could result in new kinds of decentralized financial services, including banking, lending and…

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