Ripple and Uphold Join Forces to Offer Cross-Border Payments

London – Ripple, the industry leader in enterprise blockchain and crypto solutions, has embarked on an exciting journey by joining forces with Uphold, the global Web3 financial platform. Uphold will enhance Ripple’s crypto liquidity capabilities, strengthening its cross-border payments infrastructure.

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Highlights of the Partnership

Efficiency and Flexibility: This collaboration strengthens Ripple’s infrastructure, setting the stage for faster and more flexible cross-border payments across the world. No more waiting for days for your international transactions to clear.
Unlocking Trapped Capital: Businesses can now expedite their operations without the need for pre-funded accounts, which often tie up capital. This means more agility and potential for growth.
Ripple’s Competitive Edge: Ripple’s infrastructure offers real-time tracking, accurate delivery forecasts, transparent pricing, and competitive foreign exchange rates. Your transactions become more transparent and predictable.
Uphold’s Expertise: Uphold, as a Web3 financial platform, seamlessly bridges the gap between fiat and crypto. It provides liquidity from various sources, enabling efficient crypto-to-fiat transfers and streamlined bank payouts.

Full Details of Partnerhsip

Renowned for its flagship payments products, Ripple’s blockchain and crypto enterprise solutions empower businesses worldwide to supercharge their performance. It achieves this by eliminating the need to pre-fund accounts across the globe, thus freeing up capital that was previously tied down.

With over a decade of experience in building blockchain solutions for the financial sector, Ripple is at the forefront of payment transformation. Its crypto-enabled enterprise solution enables 24/7/365 payments and nearly real-time settlement.
“Our collaboration with Uphold allows us to bolster our underlying infrastructure, with Uphold’s deep liquidity expertise further enhancing Ripple’s capability to offer swift and adaptable cross-border payments worldwide.”

Pegah Soltani, Head of Payments Product at Ripple
“We view this as just the beginning of our partnership and are eagerly anticipating the future,” added Soltani.

Uphold, as a leading Web3 financial platform, boasts a superior trading architecture that facilitates seamless value transfer between fiat and crypto and across various networks. Uphold’s unique strength lies in its access to a wide range of global crypto liquidity sources, allowing businesses to effortlessly serve customers and facilitate payments.

Simon McLoughlin, CEO at Uphold, noted, “Ripple provides an invaluable service to businesses engaged in cross-border payments, and we are thrilled to play an integral role in it. Uphold’s platform features a fully-automated, high-frequency trading stack linked to 30 underlying trading venues, enabling us to offer deep liquidity, multiple execution paths for transactions, and exceptionally tight spreads.”

“Our partnership with Ripple showcases how enterprises can leverage our platform for efficient crypto-to-fiat transfers and seamless bank payouts.”

Ripple’s pioneering efforts have addressed the multi-trillion-dollar challenges associated with cross-border payments, leveraging blockchain and crypto technologies on a massive scale. Through its cutting-edge infrastructure, Ripple offers an unparalleled end-to-end customer experience marked by trust and transparency. Clients can track payments in real-time, forecast delivery times, all underpinned by clear pricing and foreign exchange rates.

Over time, Ripple’s product offerings have expanded to cater to new business use cases such as liquidity management, tokenization, and custody solutions. Today, Ripple serves hundreds of customers spanning over 55 countries across six continents, with payout capabilities in more than 70 markets.
Since the inception of its payments solution, Ripple has processed a staggering $30 billion worth of volume and executed 20 million transactions.
The Ripple-Uphold partnership represents a pivotal moment in the evolution of cross-border payments. With enhanced crypto liquidity, this collaboration is poised to revolutionize the way businesses conduct international transactions, offering efficiency, transparency, and flexibility on a global scale.

Stay tuned for the exciting developments on the horizon as these two industry leaders chart the future of finance together.

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