GateHub Announces New Wallet, Plans Visa, Mastercard Expansion

GateHub, a multi-asset wallet and trading platform that integrates with the Ripple network, announces the launch of a new wallet

GateHub, a multi-asset wallet and trading platform that integrates with the Ripple network, says it has launched a new wallet offering.

GateHub, an unfamiliar name in the crypto industry until now, recently surfaced when Ripple announced the shutdown of its Ripple Trade service. Users are directed to transfer balances to other wallets, and a streamlined transfer to GateHub’s wallet is offered. The deadline to move balances, which was originally January 13 for US-based users, has since been revised to March 31.

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According to its website, GateHub supports a multi-asset wallet, analytics, API, payments, and trading. Supported assets include Ripple’s XRP, bitcoin, dollars, euros, gold and silver. The assets can be traded directly over the Ripple network.

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The company was registered in the UK in November 2014. This past June, it announced the launch of its Gateway as a Service, or GateHub GateWay, which would make it easier for institutions to become Ripple gateways. In today’s announcement, the company said that it has lined up more than a dozen gateways for its service. The launch date was revised from Q4 2015 to early 2016.

The company also said that its vision is “to serve as a bridge between payment networks and assets, starting with the Ripple network, SEPA and SWIFT.”

Later on in the announcement, the company said that it plans to expand its wallet offering to include payments from other networks “including traditional financial platforms such as Mastercard and Visa, and the new distributed financial rails of commerce, including Ripple, Bitcoin and Ethereum.”

A company representative told Finance Magnates that launch dates for these initiatives have yet to be determined.

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