Billion

Coin

<ul class="news-points"> 
 <li><strong>Simon McLoughlin said Uphold would function as a node in Ripple’s network of liquidity providers.</strong></li> 
 <li><strong>The Uphold CEO noted his company would be operating the UK-Europe, Europe-UK, UK-US, and Europe-US corridors.</strong></li> 
 <li><strong>Uphold plans to set up an initial liquidity volume of around $5 billion a year.</strong></li> 
</ul> 
<p>Simon McLoughlin, CEO of Uphold, has said that his company’s role in the recently established partnership with Ripple is to function as a node in <a href="https://coinedition.com/tag/ripple-xrp/">Ripple’s network</a> of liquidity providers. McLoughlin explained that Uphold’s role would be to convert XRP to fiat for bank payouts.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">Big thank you to <a href="https://twitter.com/hashtag/SimonMcloughlin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#SimonMcloughlin</a> <a href="https://twitter.com/hashtag/CEO?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#CEO</a> <a href="https://twitter.com/hashtag/Uphold?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Uphold</a> for this conversation about <a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Ripple</a> and <a href="https://twitter.com/hashtag/Uphold?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Uphold</a> partnership. Get ready beceause here comes Ripple liquidity Hub. Just days away (December). <br>$5 Billion a year to start? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f60e.png" alt="😎" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/UEYJgHu0S3" target="_blank" rel="nofollow">pic.twitter.com/UEYJgHu0S3</a></p>— Digital PerspectivesPermaBull
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1fa9d.png" alt="🪝" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DigPerspectives) <a href="https://twitter.com/DigPerspectives/status/1727665219575398573?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 23, 2023</a>
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<p>According to the Uphold CEO, Ripple’s primary solution is to provide a way for international companies to move money across borders using XRP. Hence, with the latest integration, companies using Ripple’s services would have to open an account with Uphold that would be pre-funded with …</p>
<p>The post <a href="https://coinedition.com/uphold-to-set-up-initial-5b-liquidity-in-partnership-with-ripple/">Uphold To Set Up Initial $5B Liquidity in Partnership With Ripple</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Uphold To Set Up Initial $5B Liquidity in Partnership With Ripple

Coin Edition

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