BitcoinIRA.com, a company that enables individuals to purchase cryptocurrencies for an IRS-approved retirement account, has made the digital asset XRP available to clients. XRP’s value is derived from its utility as a digital asset for payments, and is one of the largest digital assets by market capitalization. With the addition of XRP, Bitcoin IRA is expanding its cryptocurrency options, which also include Bitcoin and Ethereum.
Chris Kline, COO of Bitcoin IRA, said: “We’re the only company in the world to offer an XRP feature in this way. Demand from our customers has been immense. XRP is an unique innovation in modernizing cross-border payments using superior blockchain technology. We’re excited to feature XRP and work with BitGo to bring this extraordinary asset opportunity to market.”
Customers who opt for XRP on BitcoinIRA.com will have their XRP stored in a multi-signature digital wallet from BitGo, a secure digital wallet, with multi-signature encryption. BitcoinIRA.com allows investors to purchase cryptocurrencies for their retirement portfolios. It provides an IRS-compliant solution that includes: setting up a qualified cryptocurrency account, rolling over funds from an existing IRA custodian, executing a live trade and then moving funds into a secured, multi-signature digital wallet. In the coming weeks, Bitcoin IRA plans to announce additional alternative coins including Litecoin, Ethereum Classic, and Bitcoin Cash.