See Coinbase, Digital Money Platform Uphold Now Offers Full Functionality with XRP Ledger

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by Darya Rudz · 3 min read
See Coinbase, Digital Money Platform Uphold Now Offers Full Functionality with XRP Ledger
Photo: Uphold

Crypto platform Uphold has finelly finished adding support for XRP. Traders on the Uphold exchange platform can now move XRP to their wallets from the exchange after exchanging it with fiat currencies.

Mobile payments startup Uphold has finally completed integrating the XRP ledger to its platform, which means that Uphold members now have full access to the XRP ledger including the ability to deposit and withdraw XRP to/from external addresses

Uphold is a digital money platform serving 184 countries across more than 30 currencies (both traditional and digital) and commodities with frictionless foreign exchange and cross-border remittance for members around the world. Since its launch in 2015, Uphold has powered more than $3 billion in transactions.

Uphold combines a platform app model with payment connectivity to offer financial services to a global market. Uphold empowers innovation in financial services through a platform approach where app developers and fintech partners can leverage Uphold’s reach through licensed relationships with banks and financial services partners around the world. Built on a core of proprietary technologies and e-money apps, Uphold embraces a future where people and businesses around the world have access to safe, transparent, fair and affordable financial services.

Uphold is the only company to publish real-time reserve holdings, guaranteeing that its members are provided with the necessary information to make informed decisions. Uphold has global operations in Braga, London, Los Angeles, Mexico City, and San Francisco.

In March this year, Uphold started launching support for Ripple’s XRP cryptocurrency. And finally, full support for the XRP Ledger has been announced. This is a huge milestone for the Uphold ecosystem, as XRP has become one of the fastest growing digital assets in 2018 and is now the third most valuable cryptocurrency with a market cap of $23 million.

“We were the first to make XRP easily available in the U.S., expanding our offering to include full connectivity to the XRP ledger was the clear next step,” CRO of Uphold Robin O’Connell said.

According to the Uphold’s blog,  the company believes in the future of financial services and is working continuously to build a platform that supports that vision. Support of XRP is an example of how Uphold continues to expand and support the growing demand for digital currencies, including tokens, coins, and emerging assets.

“When we launched support of XRP, we did so in a two-phase launch, first phase support without connectivity to the external network. Which meant our members held XRP but were not able to deposit or withdrawal outside of Uphold. With the launch of phase-two, our members now have full access to the XRP ecosystem, including depositing and withdrawing into/out of their Uphold wallets,” Upload said.

Uphold is now able to issue actual XRP wallet addresses, which allows for more use among investors. In total, there are 9 different ways to access XRP on Uphold, including bank transfer, debit or credit cards.

Many Uphold users have already tried the new feature and shared their experience on Twitter.

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Darya Rudz
Author Darya Rudz

Darya is a crypto enthusiast who strongly believes in the future of blockchain. Being a hospitality professional, she is interested in finding the ways blockchain can change different industries and bring our life to a different level.

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