BitPay adds XRP to self-custody wallet as volume tops $13 billion

BitPay’s integration and user control

BitPay announced on X, formerly known as Twitter, that it has enabled full support for XRP in its self-custody wallet, giving users the ability to manage XRP while retaining complete control over their private keys. Unlike custodial exchanges, BitPay’s self-custody model ensures digital assets remain solely in the hands of individual users rather than being stored by third-party providers.

According to data from CoinCodex, XRP recently traded at $1.38, reaching a market capitalization of $86.69 billion. Over the last 24 hours, the token recorded a trading volume of $13.61 billion and posted a 16.81% increase in price. These figures point to elevated market activity and renewed investor interest.

XRP can now be bought, sold, swapped, or used for eligible payments within the BitPay Wallet, with users maintaining sole control of their private keys through the self-custody setup.

XRP’s expanding ecosystem

The addition of XRP to BitPay’s ecosystem comes as the asset’s broader ecosystem continues its development. Beyond BitPay, Ripple Labs—the San Francisco-based company behind the XRP Ledger—has partnered with Clearpool and Cicada Partners to bring institutional-grade credit solutions to the blockchain. Their collaboration is expected to incorporate RLUSD, a stablecoin designed for real-world lending and settlement on the XRP Ledger.

These advancements are aimed at expanding the utility of XRP across payments, trading, and institutional finance. They also reflect a growing trend where cryptocurrencies are bridging the gap between blockchain technology and mainstream financial services.

Mini dictionary: BitPay is a global cryptocurrency payment service provider that enables businesses and individuals to accept, store, and spend various cryptocurrencies. Its self-custody wallet gives users complete control over their private keys and digital assets, enhancing security and privacy compared to custodial platforms.

Increased accessibility and adoption prospects

Making XRP accessible within BitPay’s popular wallet and payments ecosystem widens opportunities for existing and prospective holders. As more users can buy and use the asset directly in a familiar platform, reliance on centralized exchanges could decrease. The integration may also facilitate broader XRP usage in payments and commerce for millions of BitPay users worldwide.

Easier access in a mainstream wallet could accelerate XRP adoption, creating a feedback loop where greater availability drives additional interest and acquisition. This, in turn, supports a larger community of holders and improved depth in liquidity and payment functionality.

With XRP’s daily trading volume already surpassing $13 billion, the BitPay wallet integration arrives amid strong market activity. Even a modest rate of adoption from BitPay’s global user base has the potential to introduce XRP to a broader audience of payment participants and investors.

Integrating XRP into a widely used, self-custody payment wallet brings the asset closer to both retail and institutional users, reinforcing its role as a leading payment-focused cryptocurrency.