Uphold Integrates XRP With Zero Fees For Early Investors
- The platform is working to integrate Ripple’s mainnet to enable direct deposits and withdrawals in a few weeks
San Francisco-based digital wallet provider Uphold on Wednesday announced the integration of Ripple-issued XRP on its platform.
XRP now joins the group of more than 30 fiat and digital currencies, which are already listed on the platform. The list includes Bitcoin, Ethereum, Bitcoin Cash, and a range of other coins.
The decision of listing XRP on Uphold follows the investment of $57.5 million on the platform by former Ripple Chief Risk Officer Greg Kidd in January. Uphold’s acquisition of the mobile commerce platform Cortex MCP in February also boosted the process.
In the official announcement, CEO of Uphold, Adrian Steckel, said: “there has been huge demand for XRP and Uphold is one of the first platforms to make XRP easily accessible. Uphold was first with Bitcoin Cash and Bitcoin Gold, and we are again responding to interest from our members in establishing a first with XRP.”
The announcement further mentioned that the decision of the addition of XRP was based on the users' demand as in a Twitter poll earlier this month, 51 percent of more than 12,000 participants voted for Ripple over coins like Monero, Stellar, and Cardano.
Member Poll: What cryptocurrency/token would you like to see Uphold support next? Members currently have access to 30+ currencies including $BTC $BAT $BCH $BTG $DASH $ETH $LTC #cryptocurrency
— Uphold (@UpholdInc) March 20, 2018
Uphold was also working on the integration of XRP for a month as Coindesk quoted the platform's Vice Chairman J.P. Thieriot: “generally we have to find counterparties we can trade with, given our system, [since] we don't have an internal order book. We have to create an integration with a third party. In the case of XRP, it's an entirely new Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term - it's not like adding an ERC-20 token, which is relatively trivial for us.”
Uphold is also working to integrate Ripple’s mainnet on the platform to enable direct deposits and withdrawals in a few weeks.
“The XRP ecosystem is diversifying and growing rapidly. The listing of XRP on Uphold, a strong retail platform that offers customers easy access to digital assets, underscores the significant increase in demand for XRP," Miguel Vias, Head of XRP markets at Ripple, said.
San Francisco-based digital wallet provider Uphold on Wednesday announced the integration of Ripple-issued XRP on its platform.
XRP now joins the group of more than 30 fiat and digital currencies, which are already listed on the platform. The list includes Bitcoin, Ethereum, Bitcoin Cash, and a range of other coins.
The decision of listing XRP on Uphold follows the investment of $57.5 million on the platform by former Ripple Chief Risk Officer Greg Kidd in January. Uphold’s acquisition of the mobile commerce platform Cortex MCP in February also boosted the process.
In the official announcement, CEO of Uphold, Adrian Steckel, said: “there has been huge demand for XRP and Uphold is one of the first platforms to make XRP easily accessible. Uphold was first with Bitcoin Cash and Bitcoin Gold, and we are again responding to interest from our members in establishing a first with XRP.”
The announcement further mentioned that the decision of the addition of XRP was based on the users' demand as in a Twitter poll earlier this month, 51 percent of more than 12,000 participants voted for Ripple over coins like Monero, Stellar, and Cardano.
Member Poll: What cryptocurrency/token would you like to see Uphold support next? Members currently have access to 30+ currencies including $BTC $BAT $BCH $BTG $DASH $ETH $LTC #cryptocurrency
— Uphold (@UpholdInc) March 20, 2018
Uphold was also working on the integration of XRP for a month as Coindesk quoted the platform's Vice Chairman J.P. Thieriot: “generally we have to find counterparties we can trade with, given our system, [since] we don't have an internal order book. We have to create an integration with a third party. In the case of XRP, it's an entirely new Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term - it's not like adding an ERC-20 token, which is relatively trivial for us.”
Uphold is also working to integrate Ripple’s mainnet on the platform to enable direct deposits and withdrawals in a few weeks.
“The XRP ecosystem is diversifying and growing rapidly. The listing of XRP on Uphold, a strong retail platform that offers customers easy access to digital assets, underscores the significant increase in demand for XRP," Miguel Vias, Head of XRP markets at Ripple, said.