Ripple recently announced a new partnership with a global Web3 platform, Uphold. The partnership will allow Ripple to leverage Uphold’s crypto liquidity expertise.
The partnership was announced via an official post on Ripple’s website. The post stated how the collaboration will help Ripple underpin and improve its cross-border payment mechanism.
The news came shortly after Ripple registered its massive victory against the SEC. The US Securities and Exchange Commission recently dropped its charges against Ripple’s CEO. As expected, the new partnership fueled the great run XRP has been experiencing.
It enticed new traders toward XRP as they looked for a Ripple forecast to reassess their portfolios. With 10+ years of experience in building Blockchain products, Ripple emerges as a viable investment option for most traders.
The Head of Payments Product, Pegah Soltani, praised its most recent collaboration. According to the executive, the new partnership will allow Ripple to improve its infrastructure.
With Uphold, the company can underpin its ability to provide flexible and fast cross-border payments globally. This relationship marks the start of what the future can offer, according to Soltani.
Similarly, Uphold’s CEO, Simon McLoughlin, also praised the partnership. The CEO talked about Ripple providing a massively valuable service to global businesses for cross-border payments.
With Uphold exchange’s high-frequency, fully automated trading stack, Ripple can also offer deep liquidity. It can also offer multiple execution paths for new transactions, added McLoughlin.
Ripple was the first venture to take steps against the pain points associated with cross-border payments. It used crypto and Blockchain at scale to ease the multi-trillion-dollar pain points.
The network now offers an end-to-end customer experience in a transparent manner. Ripple now serves six continents and 55 nations with 30 billion dollars worth of volume. Given the stature Ripple has constructed, its partnership with Uphopld is expected to be a success.