Uphold Integrates Ripple Zero Fee Trading

Uphold platfrom announced that its members will be able to easily access and transact Ripple cryptocurrency
03 April 2018   1568

Uphold, a US-headquatered financial services platform, which enables users to convert deposits to their accounts via bank accounts and credit cards, has made an announcement claiming that Ripple cryptocurrency is live on the platfrom and the members are able to buy, hold and convert Ripple within their wallets.

We are thrilled to announce that starting today Uphold members have access to buy and sell XRP right from their Uphold wallet. For a limited time and in celebration of this launch, Uphold is offering ZERO fees for the first 5M XRP purchased. This is another important milestone for our members and for Uphold as XRP is one of the fastest growing digital assets and the third most valuable cryptocurrency.
 

Uphold Announcement

Uphold platform has sent an email to their users, stating that one of the main reasons for adding Ripple support is that many users were requesting to list new options for saving cryptos. Moreover, Miguel Vias, head of XRP markets at Ripple stated that the listing of XRP on Uphold underscores the significant increase in demand for XRP.

Uphold financial platfrom already supports such cryptocurrencies as Bitcoin, Litecoin, Ethereum, Basic Attention Token (BAT), Bitcoin Cash, Dash and Bitcoin Gold.

Ripple to Write Open Letter to US Congress

Ripple's execs asked congress to support the development of the technology
29 July 2019   331

Brad Garlinghouse, head of California-based Fintech startup Ripple, and co-founder Chris Larsen, wrote an open letter to the US Congress on the eve of relevant hearings at the Senate Banking Committee. They asked lawmakers to decide on regulation, but at the same time not painting them with a broad brush.

So, Garlinghouse and Larsen are convinced that cryptocurrencies will complement fiat currencies, and not put their existence at risk, and the United States, in their opinion, should lead the development of the industry.

According to them, without proper regulation, there are risks for innovation, tax revenues and jobs in the blockchain industry.

We urge you to support regulation that does not disadvantage U.S. companies using these technologies to innovate responsibly, and classifies digital currencies in a way that recognizes their fundamental differences—not painting them with a broad brush.
 

Brad Garlinghouse, CEO of Ripple &
Chris Larsen, Executive Chairman and Co-founder of Ripple

Earlier, Garlinghouse agreed with US Treasury Secretary Stephen Mnuchin that cryptocurrency could not replace Fiat.

Probably, the head of Ripple fears that lawmakers will not understand the differences between cryptocurrency and Libra digital currency, and will introduce the same regulation for them.

Despite the fact that Ripple was able to significantly increase its customer base after the Facebook initiative was announced, Garlinghaus had already expressed fears that excessive attention to Libra could harm the industry as a whole.

On Tuesday, July 30, the US Senate will hold hearings on the regulation of cryptocurrency, during which the CEO of Circle company Jeremy Allair, a member of the Congressional research service Rebecca Nelson and a law professor at the University of California Mehra Baradaran will speak.