Uphold and Ripple Join Forces to Strengthen Crypto Liquidity Infrastructure

Crypto News– Ripple, the blockchain payments company, has entered into a strategic partnership with Uphold, the web3 financial platform, to enhance its cryptocurrency liquidity within its global payments infrastructure. This collaboration is aimed at reinforcing Ripple’s existing cross-border payment solutions by capitalizing on Uphold’s extensive connections to more than 30 trading platforms. This will facilitate seamless cryptocurrency-to-fiat transfers and bank payouts.

Uphold and Ripple Join Forces to Strengthen Crypto Liquidity Infrastructure

Ripple leverages digital assets to offer real-time settlement and transparency for its enterprise clients’ international transactions. The deep liquidity provided by Uphold across both cryptocurrencies and fiat currencies will fortify Ripple’s payment framework, as stated by Ripple’s Pegah Soltani.

Ripple plays a significant role in expediting and reducing the cost of global transactions. Its technology eliminates the necessity for businesses to pre-fund international accounts, thereby freeing up capital.

The Uphold platform features a fully automated, high-frequency trading stack connected to 30 underlying trading venues, allowing us to offer deep liquidity, multiple execution paths for transactions, and exceptionally tight spreads.

Simon McLoughlin

Ripple’s suite of solutions has expanded rapidly, extending beyond payments to address various needs such as tokenization and cryptocurrency custody. It caters to a broad client base across 55 countries and has processed more than $30 billion in payments since its inception, as per Ripple’s announcement regarding this new partnership.

Uphold’s automated trading infrastructure will provide valuable support to Ripple in scaling its cryptocurrency-enabled payment system. Uphold’s CEO, Simon McLoughlin underlines the substantial value that Ripple brings to cross-border business payments, with Uphold’s liquidity capabilities making it an ideal partner for this endeavor.