Share this article
Payments Platform Uphold Completes XRP Ledger Integration
Digital payments startup Uphold has completed its integration with the XRP ledger, it announced Thursday.
By Nikhilesh De
Updated Sep 13, 2021, 7:59 a.m. Published May 24, 2018, 7:30 p.m.
Make us preferred on Google
Mobile payments startup Uphold said Thursday that it had completed integrating the XRP ledger to its platform, meaning clients can now have XRP wallet addresses directly through its app.
Due to the integration, Uphold clients can now deposit, withdraw and send XRP tokens to different wallets through the app, rather than simply use the platform as a custodian for tokens that customers cannot directly access, according to a press release. Uphold first announced it would be integrating with the XRP ledger in March, when it originally rolled out buy and sell options for the cryptocurrency, as previously reported.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"Uphold has now satisfied an increasing need to provide its members with full access to Ripple's fast-growing ecosystem," the press release stated.
The startup's chief revenue officer, Robin O'Connell, called the integration "an important milestone," saying the company "was the first to make XRP easily available in the U.S."
O'Connell added in a statement:
"Expanding our offering to include full connectivity to the XRP ledger was the clear next step. This space is becoming crowded with new wallets popping up, offering access to cryptos, but, if you read the fine print, they're not selling the actual cryptocurrency and arguably having a negative impact on the market."
Users can buy XRP tokens using a bank transfer, debit and credit cards, or through other payment rails, according to the release.
XRP tokens image via Shutterstock
Більше для вас
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
Що варто знати:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
Більше для вас
Weaker dollar fails to spur bitcoin gains, but there's a reason for that, JPMorgan says
Gold and other hard assets are rallying on dollar weakness, but bitcoin is lagging as markets continue to treat it as a liquidity-sensitive risk asset.
Що варто знати:
- Bitcoin has, unusually, not rallied alongside the slide in the U.S. dollar.
- JPMorgan strategists say the dollar’s weakness is being driven by short-term flows and sentiment, not changes in growth or monetary policy expectations, and they expect the currency to stabilize as the U.S. economy strengthens.
- Because markets do not view the current dollar decline as a lasting macro shift, bitcoin is trading more like a liquidity-sensitive risk asset than a reliable dollar hedge, leaving gold and emerging markets as the preferred beneficiaries of dollar diversification.
Top Stories
