Ripple Partners with Uphold for Enhanced Cross-Border Payments
Ripple has announced a partnership with cryptocurrency exchange Uphold aimed at strengthening its cross-border payments infrastructure. Pegah Soltani, Head of Payments Product at Ripple, emphasized Uphold’s expertise in deep liquidity and expressed optimism about the collaboration’s potential. Uphold’s CEO, Simon McLoughlin, praised Ripple‘s role in facilitating cross-border payments and highlighted the opportunity for efficient crypto-to-fiat transfers and bank payouts.
XRP‘s Price Movement and Future Outlook
Despite the partnership between Ripple and Uphold, the price of XRP has recently experienced a 5% drop, following a spike to $0.58 on October 24. However, it is important to note that XRP‘s volatility in the coming months could be influenced by overall cryptocurrency market trends and developments related to the ongoing lawsuit between Ripple and the US SEC. Analysts and the AI-powered language model ChatGPT suggest that a favorable outcome for Ripple in the lawsuit could potentially trigger a bull run for XRP.
### News source: cryptopotato.com