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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Oct 25, 2023 06:54 UTC
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Ripple and Uphold Join Hands to boost Cross-Border Crypto Payments
Ripple and Uphold have partnered to improve Ripple's cross-border payment system and boost its crypto liquidity capabilities.
Uphold has a fully automated trading system connected to 30 trading venues, giving it deep liquidity and tight spreads.
Ripple is expanding its reach and extending into new markets, with a recent legal win against the SEC.
Have you strapped in your seatbelts for this exciting news?
Ripple, a significant player in the cryptocurrency world, has just announced an exciting partnership with Uphold, a versatile digital currency platform available in a whopping 184 countries. Uphold offers access to over 200 cryptocurrencies and regular currencies.
This partnership is all about making Ripple’s cross-border payment system even better and boosting its crypto liquidity capabilities.
Right now, Ripple operates in more than 55 countries and provides payout services in 70 different markets. They’ve already processed a jaw-dropping $30 billion in transactions, highlighting their importance in the world of cryptocurrencies.
Uphold’s Liquidity Know-How
Uphold has an impressive system – it’s fully automated and closely connected to 30 key trading venues. This system gives Uphold the power to offer deep liquidity, lots of choices for executing transactions, and incredibly tight spreads.
Also Read: Ripple is Unstoppable! France’s Central Bank Eyes XRP for Digital Euro
Simon McLoughlin, Uphold’s CEO, mentioned that their platform features a fully automated, high-frequency trading stack connected to 30 underlying trading venues. This configuration empowers Uphold to provide deep liquidity, multiple execution options for transactions, and exceptionally tight spreads.
Further, Pegah Soltani, Ripple’s head of payments, said that this partnership makes Ripple even better at sending money quickly worldwide. She stressed that Uphold’s expertise in handling money helps Ripple offer fast and flexible cross-border payments globally.
Changing the World – Ripple’s Way!
Ripple is extending its reach and extending into new markets.
In addition to this exciting partnership, Ripple recently achieved a significant legal win. After a challenging three-year legal battle with the Securities and Exchange Commission (SEC), the SEC decided to drop its claims against Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen.
Despite the SEC’s attempt to challenge this decision through an appeal, their efforts ultimately proved unsuccessful.
Also Read: XRP Price Surpasses The $0.54 level, Ripple To Surge 20% In The Coming Week?
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