Ripple Joins Forces With Uphold to Improve Cross-Border Crypto Payments Liquidity
Ripple announced Tuesday that it has formed a new partnership with Uphold, a multi-asset digital currency platform that operates in over
184 countries, offering access to over
200 crypto and fiat currencies.
Uphold CEO Simon McLoughlin explained that his company’s platform
“features a fully automated, high-frequency trading stack” that is connected to
30 underlying trading venues. This allows Uphold to
“offer deep liquidity, multiple execution paths for transactions, and exceptionally tight spreads,” he said.
Ripple’s head of payments, Pegah Soltani, commented:
“Our new partnership with Uphold enables us to enhance our underlying infrastructure and Uphold’s deep liquidity expertise further underpins Ripple’s ability to offer fast and flexible cross-border payments around the world.”
Ripple’s solutions focus on three areas: cross-border payments, crypto liquidity, and central bank digital currency (CBDC). The firm’s announcement details:
Today, Ripple serves hundreds of customers in over 55 countries and 6 continents, with payout capabilities in more than 70 markets, and has processed $30 billion worth of volume and 20 million transactions since its payments solution was first launched.
