Ripple Teams Up with Uphold for Cross-Border Payments
Ripple has announced its partnership with American cryptocurrency exchange Uphold to enhance its cross-border payments infrastructure. Uphold’s deep liquidity expertise is expected to contribute to this goal. Both Ripple and Uphold are optimistic about the collaboration and see it as the beginning of a long-term relationship.
Simon McLoughlin, CEO of Uphold, praised Ripple as an important player in the crypto scene, providing valuable services for businesses making cross-border payments. The collaboration aims to make efficient crypto-to-fiat transfers and bank payouts by combining the strengths of both firms.
XRP’s Price Drops Despite Partnership
Despite the partnership between Ripple and Uphold, XRP’s value has dropped by around 5% in the past 24 hours. This decline comes after a significant spike to $0.58 on October 24. It is important to note that XRP’s price may experience increased volatility in the coming months due to overall market trends and developments related to the ongoing lawsuit between Ripple and the US SEC.
Analysts and AI-powered language model ChatGPT suggest that a decisive victory for Ripple in the lawsuit could lead to a bull run for XRP. To get a better understanding of XRP’s potential price movement for the rest of the year, watch our video:
Hot Take: Ripple-Uphold Partnership Aims to Boost Cross-Border Payments
Ripple’s collaboration with Uphold is aimed at enhancing cross-border payments infrastructure. While XRP’s price has dropped recently, future movements will depend on various factors such as the outcome of the Ripple-US SEC lawsuit and overall market trends. If Ripple secures a favorable outcome, it could potentially trigger a bull run for XRP.
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