In spite of slump in value, Ripple XRP is steadily joining various financial institutions, banks, and money transfer companies. The latest of these is its joining of Uphold list of currencies and cryptocurrencies. Here, it is important to mention that Uphold is a cloud based digital money platform. The CEO of Uphold says in a press release is that we are going to fulfill the huge demand for XRP in USA. One of the reasons for this huge demand is that the cryptocurrency has shown a percentage increase of more than 30000% in 2017. Also, it is based on a decentralized blockchain technology that facilitates the cross border transactions.
It is due to this new technology that more than 100 banks, financial institutions, and money transfer firms have already joined ripple for cross border payments. This use of Ripple XRP for fast and reliable cross border transactions is revolutionizing the businesses all across the world. This is why more and more financial firms are joining its platform. Uphold is the very first cloud based digital money company that has joined Ripple XRP.
Uphold is not exactly like cryptocurrency exchanges. It works like banks providing the customers with facilities to buy, sell, hold, and trade various currencies and cryptocurrencies across the world. It is already trading in seven cryptocurrencies and more than 30 fiat currencies and also a number of commodities. It has offered the members to buy first five million XRP coins without any transaction fee. The users of this cloud based digital money platform can convert Ripple XRP into 23 fiat currencies and about 7 other cryptocurrencies.
The company is also planning to harness the ripple network itself. This would enable customers to deposit and withdraw directly via main net. This would happen in next few weeks.
XRP is on the Verge of a Bullish Surge as Network Activity Soars
Why Could Cardano Return1668% In 8-month and Became the Third-largest Cryptocurrency?
Ripple’s Expansion Across the Globe Continues as the Firm now Partners with Paydek
Top 6 Best Dogecoin (DOGE) Wallets in 2021
Ukraine is the Most Recent Country to Set Bitcoin Tender
Recent Press Release
Planet Finance Review — Everything You Need To Know
Table of Contents What is Planet Finance?Yield Aggregator in a NutshellThe AQUA TokenPlanet Finance AppsBlue PlanetRed PlanetGreen Planet (Soon)UranusPink PlanetConvert...
$200,000 Premium Advertiser Grant Program Launching on Adshares 🚀
As part of the new Adshares business development roadmap announced earlier this year in Adshares new Business Development Roadmap, a...
Frequently Asked Questions Regarding Bitcoin ATMs!
Bitcoin has created a condition of boom and bust in the industry since its release at the very foremost place....
Overview and Synopsis of Bitcoin Wallet!
Bitcoin is a cryptocurrency that is subjected to a market cap of more than 1 trillion dollars. Bitcoin complex was...
An Unpretentious Enlightenment Of Bitcoin And The Potential Blockchain Technology!
Bitcoin was generated in the year 2008 by Satoshi Nakamoto, whose actual identity is still unknown. Bitcoin complex revolves around...