Ripple And Uphold Partnership For Global Crypto Payments

JAKARTA - Ripple, a leading crypto company, is partnering with the Uphold, a multi-asset digital currency platform, to strengthen cross-border payment infrastructure. The uphold operates in more than 184 countries and provides access to more than 200 cryptocurrencies and fiat.

Uphold CEO Simon McLoughlin said his platform has advanced automated trading technology and is connected to 30 crypto exchanges. This allows Upholds to offer high liquidity, diverse transaction options, and low price spreads.

Ripple's head of payments, Pegah Soltani, welcomed this partnership. He said that the Uphold would help Ripple provide fast and flexible cross-border payments around the world by leveraging deep crypto liquidity.

"Our new partnership with the Uphold allows us to strengthen our infrastructure basis and take advantage of the deep liquidity capabilities of the Uphold, which will help Ripple provide fast and flexible cross-border payments worldwide," said Pegah Soltani.

Ripple focuses on three things: cross-border payments, crypto liquidity, and central bank digital currencies (CBDC). Ripple has served hundreds of customers in more than 55 countries and 6 continents, with the ability to make payments in more than 70 markets. Ripple has processed a volume of 30 billion US dollars (approximately IDR 420 trillion) and implemented more than 20 million transactions since launching its payment solution.

Ripple also recently won a legal victory over the US Securities and Exchange Commission (SEC). The SEC withdrew its lawsuit against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen. This decision benefits Ripple, although the SEC will appeal. This case raises debate over XRP status, Ripple-run crypto asset, as securities or not.