Ripple, the company behind the XRP cryptocurrency, has announced a new partnership with Uphold, a Web3 financial platform specializing in liquidity management. The aim of this partnership is to enhance Ripple’s cross-border payment network by leveraging Uphold’s expertise in liquidity management. Ripple offers a comprehensive suite of financial solutions to both enterprise-level clients and mass users. With the help of Uphold, businesses can use Ripple’s XRP cryptocurrency to pre-fund an account, which Uphold will then convert into fiat currency for bank transactions. Initially, the partnership will focus on UK-Europe and US corridors, with plans to expand to Brazil in the future. Uphold’s CEO, Simon McLoughlin, expressed excitement about the partnership, highlighting Uphold’s ability to offer deep liquidity and multiple execution paths for transactions. Pegah Soltani, Head of Payments Product at Ripple, emphasized that the partnership will enable faster and more flexible cross-border payments. Uphold is known for its robust trading infrastructure, which facilitates smooth transitions between fiat and crypto. Ripple, on the other hand, differentiates itself by providing real-time payment tracking, reliable delivery time predictions, and transparent pricing. The company has a presence in over 55 countries and has processed over $30 billion worth of value across its platform. The current price of Ripple’s XRP token is $0.62.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇺🇸 🇧🇷 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | Simon McLoughlin, Pegah Soltani |
| Companies | Ripple, Uphold |
| Currencies | XRP |
| Securities | None |
