Uphold, the cloud-based financial service platform, will be adding full support for XRP as they will be connecting to the mainnet. This will make XRP fully available on Uphold for deposits and withdrawals and will compete with popular cryptocurrencies such as Bitcoin and Ethereum which were already listed on Uphold.


Uphold adds support for XRP options

Twitter polls have become very popular for startups to reflect on which cryptocurrency is the most suited to be added. According to Uphold’s latest Twitter Poll, XRP won the race to be declared the most desired token to get listed on the platform. It took an astounding 51% of the 12,000 votes.

Vice Chairman of Uphold, J. P Theriot said,

“Generally we have to find counterparties we can trade with, given our system, [since] we don’t have an internal orderbook. We have to create an integration with a third party. In the case of XRP, it’s an entirely new blockchain – it’s not like adding an ERC-20 token, which is relatively trivial for us.”

With the addition of XRP to Uphold it can now be traded or used with zero charges.
Uphold currently has seven cryptocurrencies: twenty-three fiat currencies and four precious metals. However, J.P Theriot has confirmed that XRP makes the platform even more exciting and engaging for the users. J.P Theriot said:

“Uphold provides our members with the most cost-effective and transparent way to hold, send or convert money anywhere. Adding XRP to our available currencies is a natural and exciting step forward for our platform.”

The Open API and access along with automated clearing house capabilities (ACH) give Uphold a value that is world-leading in terms of technology, security, and compliance.

At the end of March the head of XRP markets, Miguel Vias confirmed XRP’s growth thanks to Uphold:

“The XRP ecosystem is diversifying and growing rapidly. The listing of XRP on Uphold, a strong retail platform that offers customers easy access to digital assets, underscores the significant increase in interest for XRP,” Miguel said.

XRP is getting into diversified businesses and with this the pool of liquidity increases meaning the XRP ecosystem is multiplying.

XRP is not all that Uphold is trying to achieve. Ripple’s network will be integrated with Uphold soon. It means that there will be direct deposits and withdrawals via the mainnet. This is expected within a couple of weeks.

Both, Uphold and XRP are bound to gain with this move.

Adrian Steckel, the CEO of Uphold said:

“There has been a huge demand for XRP, and Uphold is one of the first platforms to make XRP easily accessible.”

Uphold is living up to its name of being “The Internet of Money” and XRP will be supporting the company in its path towards their goal. With Uphold making such moves, Coinbase faces some tough competition.

XRPworld Contributor