Ripple has announced a new partnership with global Web3 financial platform Uphold to provide customers with enhanced crypto liquidity capabilities and enhance cross-border payments.
This solution underlines Ripple’s pre-existing work in finding solutions to help customers accelerate their business performance by removing the need to pre-fund accounts across the world.
Pegah Soltani, Head of Payments Product at Ripple, said: “Our new partnership with Uphold enables us to enhance our underlying infrastructure and Uphold’s deep liquidity expertise further underpins Ripple’s ability to offer fast and flexible cross-border payments around the world.
“We see this as the start of our relationship and are excited about what the future holds.”
Utilising its 10-year experience of building blockchain financial solutions, Ripple is aiming to transform payments with its crypto-enabled enterprise solution that enables users to send payments across the globe with near real-time settlements.
“Ripple provides a tremendously valuable service to businesses making cross-border payments and we are thrilled to be an essential part of it,” added Simon McLoughlin, Chief Executive Officer at Uphold.
“The Uphold platform features a fully-automated, high-frequency trading stack connected to 30 underlying trading venues allowing us to offer deep liquidity, multiple execution paths for transactions, and exceptionally tight spreads.
“Our partnership with Ripple illustrates how the unique capabilities of our platform can be used by enterprises to make efficient crypto-to-fiat transfers and bank payouts.”