Digital payment provider Uphold announced on Wednesday that it has added support for Ripple’s XRP cryptocurrency.
XRP joins Uphold’s existing list of currencies and cryptocurrencies that can be bought or marketed, with bitcoin, ethereum and bitcoin cash, among others, that are already on the menu.
According to Vice President J.P. Thieriot, the move follows a Twitter poll earlier this month that indicated that XRP was the most desired token to be added, taking 51 percent of the slightly more than 12,000 votes. It also comes after $ 57.5. Millions of investments by Ripple’s former risk manager, Greg Kidd, in January; and Uphold’s acquisition of the Cortex MCP mobile commerce platform a month later.
Uphold has been working on the integration of XRP for about a month, said Thieriot, who explained:
“In general, we have to find counterparts with which we can trade, given our system, [since] we do not have an internal order book. We have to create an integration with a third party. In the case of XRP, it is a completely new blockchain. – It’s not like adding an ERC-20 token, which is relatively trivial for us. ”
XRP can be exchanged without charges and can be exchanged or used in transactions in existing Uphold offers, according to the statements. These include seven cryptocurrencies and 23 fiduciary coins, in addition to four precious metals.
According to Uphold, the next phase of support implies the integration with the Ripple network itself, which allows direct deposits and withdrawals through the mainnet. The company said that this should be implemented in the coming weeks.