In the wake of a significant SEC legal victory, blockchain veteran Ripple is partnering with Uphold to bolster its cross-border payment system. Leveraging Uphold's crypto liquidity expertise and fully automated high-frequency trading stack, the collaboration aims to ensure deep liquidity, diverse transaction routes, and expand Ripple's influence across six continents and 55 nations.
With over a decade of experience in the blockchain industry, Ripple has been addressing multi-trillion-dollar pain points in cross-border payments, offering a transparent customer journey with a $30 billion volume. This partnership has led traders to reassess their XRP portfolios, anticipating swift, flexible cross-border payments due to Ripple's established reputation. Pegah Soltani of Ripple and Simon McLoughlin of Uphold have both praised the collaboration.
On Wednesday, following a 15% price surge, XRP began testing a critical resistance level, suggesting a potential rally to $0.600. Ripple's strategic partnerships with Uphold and various international banks are designed to increase crypto liquidity and simplify cross-border transactions.
Despite facing selective legal action from the SEC, Ripple and LBRY have managed to garner robust community support. Attorney John Deaton has publicly criticized the SEC's biased enforcement in the cryptocurrency sector.
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