BitcoinIRA.com, a Los Angeles-based company allowing individuals to purchase cryptocurrencies for an IRS-approved retirement account, has announced the addition of the digital asset XRP to its portfolio.
With the addition of XRP, Bitcoin IRA is expanding its cryptocurrency options, which includes Bitcoin and Ethereum.
"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”, Chris Kline, COO of Bitcoin IRA, said.
XRP is currently the fourth most valuable cryptocurrency by market cap (approximately $9.4 billion). Customers who opt for XRP on BitcoinIRA.com will have their XRP stored in a multi-signature digital wallet from BitGo.
BitcoinIRA.com officially launched last year and entered into an exclusive partnership with BitGo. It said that 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 forthcoming weeks, the company plans to announce additional alternative coins including Litecoin, Ethereum Classic, and Bitcoin Cash.
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