Uphold Payments Platform Successfully Concludes XRP Ledger Integration
Clients can now access XRP wallet addresses directly through the Uphold mobile payments app
The Uphold mobile payments startup firm successfully concluded the XRP ledger integration to the Uphold platform on 24th May 2018. This means that clients now have the facility to access XRP wallet addresses directly through the Uphold mobile payments app.
The XRP ledger integration would give the Uphold users the facility to withdraw, deposit and send XRP tokens to other wallets via the app. As to what is stated in the press release, this provides more use instead of keeping the platform as a holder for tokens which users are unable to directly access. Earlier in March 2018, Uphold initially announced the plans for the XRP ledger integration. This was when the payment platform first supported buy and sell options for digital currencies as one of the first retail platforms that gave instant access to the XRP ledger.
The published press release stated that, “Uphold has now satisfied an increasing need to provide its members with full access to Ripple’s fast-growing ecosystem”.
XRP Ledger Integration an Important Milestone for Uphold
Robin O’Connell, the chief revenue officer of the Uphold startup sees the XRP Ledger integration as “an important milestone,” stating that Uphold “was the first to make XRP easily available in the United States”.
O’Connell made the following 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 are not selling the actual cryptocurrency and arguably having a negative impact on the market.
In line with the new release after the XRP ledger integration, customers are now able to purchase XRP tokens through bank transfers, credit or debit cards, or via other payment rails.There were Tweets praising the efficiency of the verification process on the Uphold platform.