The post XRP Eyes Biggest Jump Amid Uphold and Ripple Linkup, Here’s Reason appeared on BitcoinEthereumNews.com.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Uphold CEO Simon McLoughlin has revealed more details about what it brings to the table in its new role as the liquidity provider for Ripple Labs, a linkup that has many upsides for XRP. In an interview with Joe Endoso, the Uphold CEO said the firm will take up a role as a node operator in Ripple’s on-demand liquidity (ODL) service in a grand bid to streamline payments for international companies. According to him, Uphold’s role will be in the conversion of XRP to fiat currencies, featuring USD, Pound Sterling and Euro. Additionally, the firm will handle bank payouts in Europe, the U.S and the United Kingdom and will ultimately positively redirect its focus. While McLoughlin was vocal about the direct benefits to Uphold, including boosting the doubling of its volume next year, the benefits to Ripple and XRP are equally enormous. While Uphold is projecting massive growth ahead, XRP is at the center-point of this expansion, and this implies more demand from both retail and institutional clients. Within the next year, the possibility of seeing XRP jumping to new price levels is high as it can begin to live out its usefulness as a core utility token. Uphold allegiance Uphold is one of the major partners of Ripple that kept faith with XRP throughout the active period of the…

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Filed under: News - @ November 4, 2023 11:04 am