Ripple, a blockchain and crypto solutions provider, has embarked on a new partnership with Uphold, the global Web3 financial platform. This collaboration aims to empower Ripple with enhanced crypto liquidity capabilities, bolstering its cross-border payments infrastructure.
Ripple's Flagship Payments Products for Global Businesses
Ripple is known for its flagship payments products, which help global business performance by eliminating the need to pre-fund accounts worldwide, thus unlocking trapped capital.
With over a decade of experience in blockchain solutions for the financial sector, Ripple is facilitating payments through its crypto-enabled enterprise solution, enabling 24/7/365 payment capabilities and near-real-time settlement.
Pegah Soltani, the Head of Payments Product at Ripple, expressed: “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 worldwide. We see this as the start of our relationship and are excited about what the future holds.”
Today, we’re forging a new partnership with @UpholdInc to enhance crypto liquidity capabilities for cross-border payments.https://t.co/jj4B8Yuei2
— Ripple (@Ripple) October 24, 2023
Uphold Facilitating Value Transfers Between Fiat and Crypto
Uphold, a Web3 financial platform, boasts a trading architecture facilitating value transfers between fiat and crypto across various networks. Uphold's extensive access to global crypto liquidity venues empowers businesses to serve customers and facilitate payments.
Simon McLoughlin, the CEO at Uphold, remarked: “Ripple provides a tremendously valuable service to businesses making cross-border payments, and we are thrilled to be an essential part of it. 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.”
Ripple pioneered solutions for the challenges associated with multi-trillion-dollar cross-border payments by leveraging blockchain and crypto technologies. Their state-of-the-art infrastructure offers a seamless end-to-end customer experience with real-time payment tracking, delivery time forecasting, transparent pricing, and FX rates.
Ripple's product offerings have expanded to encompass various business use cases, including liquidity management, tokenization, and custody solutions. Presently,Ripple serves clients in over 55 countries across six continents, with payout capabilities in more than 70 markets.
Since the launch of its payments solution, Ripple has processed $30 billion in volume and 20 million transactions, addressing an array of financial needs.
This article was written by Tareq Sikder at www.financemagnates.com.
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