Unlock the potential of Ripple's latest partnership with Uphold.
This strategic alliance will supercharge international remittances and asset exchanges by leveraging Uphold's cutting-edge trading architecture.
Don't miss this in-depth analysis that explores how the partnership benefits both entities and aims to revolutionize financial transactions.
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Strengthening Liquidity and International Remittance Infrastructure with Uphold Partnership
On October 24, 2023, Ripple announced a new partnership with Uphold, a Web3 financial platform that enables the trading of various assets such as cryptocurrencies, fiat money, and precious metals.
Through this collaboration, Uphold will provide liquidity features to Ripple, subsequently bolstering Ripple's international money transfer infrastructure.
Official Announcement Highlights Seamless Asset Transfer Capabilities
The official statement elucidates that "Uphold’s superior trading architecture will make the movement of value between fiat and cryptocurrencies, as well as across networks, easier."
Furthermore, Uphold will offer "access to a wide range of liquidity pools around the world, enabling businesses to serve their customers seamlessly and conduct payments."
Executives Weigh in on the Ripple-Uphold Partnership
Pega Soltani, the Head of the Payment Products Division at Ripple, and Simon MacLaurin, the CEO of Uphold, have both made comments regarding this new collaboration.
【Ripple: Pegah Soltani】
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.We see this as the start of our relationship and are excited about what the future holds.
【Uphold: Simon McLoughlin】
Ripple provides a tremendously valuable service to businesses making cross-border payments and we are thrilled to be an essential part of it,The Uphold platform features a fully-automated, high-frequency trading stack connected to 30 underlying trading venues allowing us to offer deep liquidity, multiple execution paths for transactions, and exceptionally tight spreads.
Our partnership with Ripple illustrates how the unique capabilities of our platform can be used by enterprises to make efficient crypto-to-fiat transfers and bank payouts.
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