News - Ripple payments now available on Uphold platform for institutional investors

By Ted Maas

Ripple payments now available on Uphold platform for institutional investors

Ripple (XRP)
World Economy
Crypto acceptance
Sam Bankman-Fried heeft zijn vergokt

Uphold, a leading digital currency platform, has now made Ripple payments available to institutional investors.

This marks a significant advance for the XRP community by opening up new possibilities for using Ripple's On-Demand Liquidity (ODL) service, improving accessibility and efficiency within the digital payments ecosystem.

Uphold has integrated Ripple payments into its platform, giving institutional investors access to a wider range of digital assets and services. This move is set to revolutionize cross-border transactions, with the promise of faster and more efficient settlement processes thanks to Ripple's ODL service.

In a recent tweet, Yassir Mobarak, founder of Dizer Capital, highlighted the importance of Uphold's partnership with Ripple, pointing out the platform's potential as a key player in facilitating seamless cross-border payments. Mubarak's insights highlight this transformative move expected to facilitate transactions from the U.S. and UK, improving accessibility and efficiency in the digital payments ecosystem.

Pegah Soltani, head of payment product at Ripple, also expressed optimism about the partnership, highlighting Uphold's expertise in deep liquidity and Ripple's commitment to improving payment infrastructure.

However, Uphold's integration of Ripple payments comes at a time of heightened uncertainty surrounding Ripple and its native token, XRP. In a recent tweet, Fox Business reporter Charles Gasparino issued a cautious statement highlighting the challenges Ripple faces amid ongoing legal battles. He noted: "You probably won't get rich from $XRP and you could get poorer depending on how this turns out."

Gasparino's caution is a reminder that Ripple's legal battles demand clarity. This is especially crucial as XRP investors navigate a landscape full of uncertainties.

Ripple's protracted dispute with the U.S. Securities and Exchange Commission (SEC) has made investors cautious, with regulatory uncertainties casting a shadow over XRP's market performance. Despite occasional victories, such as a favorable ruling by U.S. District Judge Analisa Torres, XRP's journey remains fraught with legal complexities and regulatory hurdles.

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