Ripple recently announced a new partnership with global platform Web3 Uphold. The partnership allows Ripple to leverage Uphold's crypto liquidity expertise.
The partnership was announced through an official post on Ripple's website. The post details how the collaboration will help Ripple strengthen and improve its cross-border payment mechanism.
The news comes right after Ripple's big victory against the SEC. The US Securities and Exchange Commission recently dropped charges against Ripple's CEO. As expected, the new partnership fueled XRP's massive rally.
This attracted new traders to XRP as they sought a forecast from Ripple to revalue their wallets . With over 10 years of experience creating blockchain products, Ripple appears to be a viable investment option for most traders.
Pegah Soltani, Director of Payment Products, praised the recent collaboration. According to the executive, the new partnership will allow Ripple to improve its infrastructure.
With Uphold, the company can strengthen its ability to offer fast and flexible cross-border payments globally. According to Soltan, this relationship is just the beginning of what the future holds.
Simon McLaughlin, CEO of Uphold, also praised the partnership. The CEO spoke about how Ripple provides a very valuable service to global companies for cross-border payments.
With the supporting exchange's fully automated, high-frequency trading stack, Ripple can also offer massive liquidity. McLoughlin added that it could also provide multiple avenues of execution for the new agreement.
Ripple was the first company to work against issues related to cross-border payments. It has made extensive use of cryptocurrencies and blockchain to solve its multi-billion dollar problem.
The network now offers customers an end-to-end experience in a seamless manner. Ripple now serves six continents and 55 countries with a volume of $30 billion. Considering the size that Ripple has acquired, the partnership with Uphopld is expected to be successful.