Ripple has recently announced a partnership with Uphold to enhance its global cross-border payments network. This collaboration aims to improve their crypto-liquidity capabilities and make transnational transactions more efficient. Currently, Ripple operates in more than 55 countries and provides payout services on 70 markets, having already processed $30 billion in transactions.
Uphold is a flexible digital currency platform that operates in 184 countries and provides access to over 200 cryptocurrencies and fiat currencies. Simon McLoughlin, Uphold’s CEO, mentioned that their platform features a fully automated, high-frequency trading stack connected to 30 underlying trading venues, thus enabling them to provide deep liquidity and tight spreads.
Ripple’s Head of Payments, Pegah Soltani, declared that their partnership with Uphold makes it easier and faster to send money internationally. Uphold’s expertise in handling money gives Ripple the flexibility to offer fast and reliable cross-border payment options.
Ripple’s network extends to more than 55 countries across six continents, allowing them to handle payouts on 70 markets. This has enabled 20 million transactions and $30 billion in transactions since introducing their payment solutions. The company also celebrated a three-year legal victory against the Securities and Exchange Commission (SEC). The SEC tried to appeal this decision but was unsuccessful.
