Uphold, the cloud-based digital money platform announced today that Uphold members now have access to buy and sell Ripple (XRP) within their Uphold wallet. For a limited time, to commence the launch, Uphold is offering zero fees for the first 5 million of XRP purchased.
Phase two will launch in the coming weeks, during this time, the Uphold platform will connect to the XRP Ledger enabling full functionality including deposits and withdrawals of XRP. For now, members can regularly buy and sell XRP within their Uphold wallet (Uphold members will not be able to move those funds to an external wallet until the launch of phase two).
XRP was on top of Uphold members interests when the company asked in a recent Twitter poll which cryptocurrency they wanted to see supported next. Out of 12,000+ responses, Twitter followers heavily voted for the Ripple asset.
“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.”
- Uphold members can now purchase XRP with zero fees (fees apply when selling XRP).
- Convert XRP from any other supported currency within the Uphold wallet.
- Hold XRP within their Uphold wallet.
- During phase one launch, members will not be able to send XRP to external wallets or addresses.
Support of XRP on Uphold was enabled through a $57.5 million investment and partnership with Greg Kidd, also an investor in Ripple, Square, Coinbase, and others.