Uphold is a company that serves in over 184 countries, across more than 30 currencies and commodities. It offers frictionless foreign exchange and cross-border remittance for its members all over the world.
Uphold uses a platform app model and payment connectivity so as to offer financial services to a global market. Built on a core proprietary technologies and e-money apps, Uphold embraces a future where people and businesses around the world have access to safe, transparent, fair and affordable financial services.
With Uphold, members can buy, hold, convert and send value in more than 30 digital and traditional currencies. And the platform is user friendly, making it easy, quick and safe to use for everyone.
XRP Live on Uphold
Back in March 2018, Uphold unveiled that XRP was available to buy on the platform and with zero fees.
The announcement reads as follows:
“We are thrilled to announce that starting today, Uphold members have access to buy and sell XRP right from their Uphold wallet. For a limited time and in celebration of this launch, Uphold is offering Zero fees for the first 5M XRP purchased”
In order to list Ripple on their platform, uphold decided to conduct a Twitter poll in which 51% of the respondents voted for Ripple. Other possible choices where Monero (23%), Stellar (14%), and Cardano (12%).
Uphold is a leader in the industry and one of the first digital platforms to make XRP accessible to the masses. According to the company, there is a big demand for XRP and Uphold was able to make it available for all of the users.
The company is the first digital wallet that enables easy and quick transfers from fiat currencies to XRP.
Additionally, since May the 24th, Uphold is offering full access to the XRP ledger, including deposits and withdrawals from external XRP wallets.
The company announced that XRP Phase Two is now live in Uphold. That means that members will have full access to the XRP ledger, including the ability to deposit and withdrawal XRP to and from external addresses.
The company explained:
“When we launched support for XRP, we did so in a two-phase launch, first phase support without connectivity to the external network. Which meant our members held XRP but were not able to deposit or withdrawal outside of Uphold. With the launch of phase-two, our members now have full access to the XRP ecosystem, including depositing and withdrawing into/out of their Uphold wallets.”
This is an important decision taken by the company, because most retail competitors only provide custodial services aimed at crypto speculators.
Uphold Makes Sending and Receiving Cross-Border Payments Easy
On May the 14th, Uphold released a blog post in which they explain that users are able to move money between currencies instantly.
“To send money overseas, or make a wire transfer from one country to another can be a real headache,” reads the blog post uploaded by Uphold. “long turnaround times, increasingly high fees, and hurdles with foreign exchange rates are all a burden to both the sender and receiver of payments. Needless to say, that doesn’t stop the need for quick cross-border payments.”
Uphold has been build by a team of experts having customers in mind, and the company works to create easy, frictionless, and low-cost cross-border payments. Indeed, the platform offers different cryptocurrencies that allow individuals to send and receive cross-border payments, including Litecoin, Dash, Ethereum, or other fiat currencies.
“If you’re hesitant about using crypto’s as a way to expedite your cross-border payments, traditional, government-issued currency can, of course, be sent through your digital wallet. Like a regular wallet – in which you most likely keep cash in addition to various debit and credit cards – with Uphold, you can hold various forms of payments and currencies, all in one place.”
In the past, cross-border payments, like international calling, was very expensive. In this new era of digital money, payments and transactions across borders happen daily. Using Uphold, members ae able to enjoy quick cross-border payments without the hassle of high foreign exchange fees or the concern that your funds aren’t going exactly where you sent them.
One of the main benefits of using this platform is that users will be able to avoid price fluctuations due to the fact that the conversion is performed instantly. If a user does not want to hold a virtual currency, then it is possible to exchange it for a traditional fiat currency like the US dollar, which is used as a stable currency all over the world.
Conclusion
Uphold combines a platform app model with payment connectivity so as to offer financial services to a global market. The company embraces innovation in financial services through a platform approach where app developers and partners are able to leverage Uphold’s reach with licensed relationships with banks and other financial institutions worldwide.
The services has been built on a core of proprietary technologies and e-money apps, embracing a future where people and businesses around the world have access to safe, transparent, fair and affordable financial services.
