Ripple Partners with Uphold for Enhanced Crypto Liquidity
Ripple has announced a new partnership with Uphold, a digital currency platform operating in over 184 countries. The collaboration aims to enhance Ripple’s cross-border payments infrastructure by leveraging Uphold’s crypto liquidity capabilities. Uphold offers access to over 200 crypto and fiat currencies, with a platform that features automated, high-frequency trading connected to 30 underlying venues. This allows Uphold to provide deep liquidity, multiple execution paths, and tight spreads for transactions.
Strengthening Ripple’s Global Payments Network
By partnering with Uphold, Ripple aims to strengthen its underlying infrastructure and expand its ability to offer fast and flexible cross-border payments worldwide. Ripple’s solutions focus on three areas: cross-border payments, crypto liquidity, and central bank digital currency (CBDC). The company currently serves customers in over 55 countries and has processed $30 billion worth of volume and 20 million transactions since its payment solution was launched.
Ripple’s Legal Victory Against the SEC
Last week, Ripple celebrated a legal victory as the U.S. Securities and Exchange Commission (SEC) dropped its lawsuit against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen. District Judge Analisa Torres ruled partially in favor of Ripple regarding XRP. While the SEC sought to appeal the decision, Judge Torres rejected their bid for an interlocutory appeal.
Hot Take: Expanding Ripple’s Infrastructure Through Strategic Partnerships
Ripple’s partnership with Uphold is a strategic move to enhance its global payments network by leveraging Uphold’s expertise in crypto liquidity. By strengthening its underlying infrastructure, Ripple aims to offer faster and more flexible cross-border payments worldwide. This collaboration aligns with Ripple’s focus on providing solutions for cross-border payments, crypto liquidity, and central bank digital currencies. Additionally, Ripple’s recent legal victory against the SEC provides a positive outlook for the company’s future. These developments showcase Ripple’s commitment to expanding its infrastructure and driving innovation in the cryptocurrency industry.
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