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Ripple Forms New Alliance With Uphold To Boost Cross-Border Crypto Payments

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One of the giants in the crypto world, Ripple, announced yesterday that it will be forging a new alliance with the global Web3 financial platform Uphold to strengthen the underlying cryptocurrency liquidity infrastructure.

Ripple is a blockchain Fintech exchange well-known for its flagship payment services.

Its blockchain and cryptocurrency enterprise solutions assist customers internationally to quicken their business scale and performance.

Moreover, it helps businesses to remove the need for pre-funding of accounts globally and also frees up trapped capital.

READ ALSO:30-Year-Old Miami Resident Convicted for Crypto Fraud

On the other hand, Uphold is a top player within the Web3 financial platform. In addition, it is famous for its top-notch trading architecture, which makes it easier to transfer value between crypto and fiat across the networks.

However, yesterday, October 24, Ripple and Uphold announced they would join hands to provide Ripple with an upgraded cryptocurrency liquidity capability to enhance and underpin its cross-border payments architecture.

In Brief

  • According to a representative from Ripple, this latest venture with Uphold will allow Ripple to strengthen its foundational architecture.
  • In addition, Uphold’s liquidity expertise aims to reinforce Ripple’s capacity to provide immediate cross-border payments globally.
  • According to Pegah Soltani, Ripple’s head of Payments Product, the exchange views the partnership with Uphold as the beginning of their relationship and is anticipating more future benefits.
  • On the other hand, Uphold’s CEO, Simon McLoughlin, said that the collaboration with Ripple shows how the unique abilities of Uphold can help enterprises make efficient cryptocurrency-to-fiat transfers and bank payouts.
  • Meanwhile, Ripple is the first crypto exchange to handle the multi-trillion-dollar pain points connected to cross-border payments using crypto and blockchain at scale.

What’s Happening In Crypto Today?

As of the time of this writing, Bitcoin price is at $34,480.30 while seeing a slight rise of 0.16% in market cap and a decline in trading volume by 41.91%.

Ethereum, on the other hand, is now changing hands at $1,789.58 while recording a drop in market cap of 2.07% and a drop in trading volume by 39.62%.

  • Meanwhile, the price of Toncoin is currently at $2.14, with a decrease in market cap by 4.21% and a drop in trading volume by 15.41%.
  • Presently, Chainlink is trading at $11.10, with an increase in market cap by 7.41% and a drop in trading volume by 5.12%.
  • On the side of Wrapped Bitcoin, its current price is at $34,470.84, with a slight increase in market cap by 0.73% and a decline in trading volume by 57.23%.
  • While Polkadot is now selling at $4.26, with a drop in market cap by 5.00% and a drop in trading volume by 35.63%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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