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   1029

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.

SendFriend to Raise $1.7 from Ripple & Mastercard

SendFriend got into the business accelerator "Barclays powered by TechStars" in September 2018
13 February 2019   128

New York-based payment startup SendFriend, focused on the use of XRP tokens for international remittances, closed a $ 1.7 million financing round from Barclays and fintech, Ripple, CoinDesk reports.

Mastercard Foundation, MIT Media Lab, Techstars Incubator, Mahindra Finance, 2020 Ventures and 8 Decimal Capital also took part in the round.

Note that SendFriend got into the business accelerator "Barclays powered by TechStars" in September 2018.

According to the representatives of the startup, the funds raised will be used to expand the staff, work with the community and marketing.

Initially, a startup will focus on labor migrants from the Philippines who regularly make remittances to their homeland from the United States. Converting US dollars to XRP tokens, and then to the Philippine peso, according to SendFriend, took few seconds.

It is noteworthy that SendFriend commissions will be 65% below the average in the traditional cross-border transfer industry.