SAN FRANCISCO, May 24, 2018 /PRNewswire/ -- Uphold Inc., a leading global digital money platform that has powered more than $3 billion in transactions across 184 countries, has completed its integration with the XRP ledger.
Today's news comes on the heels of the company's March announcement of Uphold becoming the first platform to make XRP generally accessible in the United States. Uphold has now satisfied an increasing need to provide its members with full access to Ripple's fast-growing ecosystem. As the third most popular cryptocurrency, with a current market cap of $26 billion, there is a clear demand for XRP and enabling full connectivity provides users with over 1,500 currency pairings.
Uphold was one of the first global retail platforms to provide instant access to XRP via its many funding methods: bank transfer, debit/credit card and seven other supported cryptocurrency network rails.
The Uphold App is now one of the few consumer digital money platforms to support full XRP ledger connectivity. This is a key differentiator, as most retail competitors only provide custodial services aimed at crypto speculators. In other words, they are unable to issue actual XRP wallet addresses, which means their customers are unable to deposit, withdraw or send XRP to other digital wallets - they can only exchange its value back and forth to fiat currencies.
"This is an important milestone for Uphold and our members. 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, said Robin O'Connell, CRO of Uphold. This space is becoming crowded with new wallets popping up, offering access to crypto's, but, if you read the fine print, they're not selling the actual cryptocurrency and arguably having a negative impact on the market."
As with its previous early mover launches of Bitcoin Cash, Dash and Brave's Basic Attention Token, Uphold remains dedicated to being the first to provide its members with full access to the widest range of popular and emerging assets. Furthermore, the company's open API powers cryptocurrency payroll services, AI-powered robo-trading, gold trading, and browser-based advertising payments.
About Uphold Inc.
Uphold Inc. is the creator of an open, trusted and transparent digital money platform that lets you instantly and safely access traditional currencies, cryptocurrencies, and other investments all in one place. Uphold has powered more than $3 billion in transactions across 184 countries, in more than 30 supported currencies and four commodities.
The Uphold platform provides access to the widest range of currencies and investments available in one place, with unparalleled transparency and security. 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. More information can be found at www.uphold.com, or follow us on Twitter, Facebook, and LinkedIn.
Director of Communications, Uphold
[email protected] - 415.302.3776
SOURCE Uphold, Inc.