Uphold Integrates XRP With Zero Fees For Early Investors

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.”

Moreover, Uphold is offering zero fee trade orders for early investors and will levy a fee after the purchase of the first 5 million XRP on the platform. This move might give the platform an edge over its competitors as we have seen in the case of crypto Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term Robinhood.

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 tamp 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 tamp 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.