Innovative Partnership between Ripple and Uphold for Improved Crypto Liquidity
Ripple, the blockchain-based digital payment network, has recently announced its partnership with Uphold, a platform known for its automated, high-frequency trading stack. This collaboration aims to enhance Ripple’s crypto liquidity capabilities, particularly in the context of cross-border payments.
Uphold’s integration with 30 underlying trading venues allows for deep liquidity, multiple transaction execution options, and competitive spreads. Simon McLoughlin, CEO of Uphold, expressed excitement about contributing to Ripple’s service for businesses involved in cross-border payments.
Pegah Soltani, Ripple’s Head of Payments Product, highlighted the significance of this partnership in enhancing their infrastructure and enabling fast and flexible cross-border payments worldwide. This collaboration comes at a time when Ripple is experiencing positive growth after the U.S. Securities and Exchange Commission dropped its allegations against the company.
Ripple’s Strong Position Amidst Regulatory Uncertainty and Crypto Winter
Alongside the partnership announcement, Ripple also posted job openings in various global locations. This indicates their confidence in continued growth despite regulatory uncertainties and the ongoing crypto winter. With these developments, Ripple is poised for success in the evolving crypto landscape.