Excellent news coming out of XRP today!
Basically here are the key points:
Hi Friends,
As discussed in this video please see below the uphold platform.
https://uphold.com/
Also please see this business insider article for more details. https://www.businessinsider.com.au/coinbase-investor-gives-uphold-bitcoin-exchange-millions-to-add-ripple-and-security-2018-1?r=US&IR=T
Some key points:
- Greg Kidd, an early investor in Coinbase and Twitter, just invested $US57.5 million ($AU70.9 million) toward Uphold, a currency exchange that also trades in cryptocurrencies, this will be a catalyst to compete with coinbase as a major exchange.
-Uphold will use part of the money as insurance for its users to guarantee that their deposits to the exchange are protected in the event of a hacking incident. An recent large slake Hack was one that took place a few days ago with a Japanese Exchange. The hackers took mainly the crypto NEM.
- Uphold will also use the funds to add integrations with Ripple and begin trading in its cryptocurrency XRP, which is up almost 4000% since it started trading in April.In my opinion this will be a catalyst for more stakeholders and exchanges to follow suit to compete. This is an excellent result for XRP as large investors are seeing the benefit in solving cross border transactions.
I uploaded a video to explaining this news in more depth.
