We Are Excited To Announce – Starting Today, Uphold Members Have Full Access To The XRP Ledger, Including Deposits/Withdrawals From External XRP Wallets.
Today we are thrilled to announce XRP Phase Two is now live! Uphold members now have full access to the XRP ledger including the ability to deposit and withdraw XRP to/from external addresses. This integration follows our Phase One announcement in March, we were one of the first global platforms to enable support of XRP and the first to enable USD/XRP pairings. This is another huge milestone for the Uphold ecosystem, as XRP has become one of the fastest-growing digital assets in 2018.
What does full access to the XRP ledger mean?
We believe in the future of financial services and are working continuously to build a platform that supports that vision. When we launched support of XRP, we did so in a two-phase launch, first phase support without connectivity to the external network. Which meant our members held XRP but were not able to deposit or withdrawal outside of Uphold. With the launch of phase-two, our members now have full access to the XRP ecosystem, including depositing and withdrawing into/out of their Uphold wallets.
This is a key differentiator, as most retail competitors only provide custodial services aimed at crypto speculators. In other words, they are unable to issue actual XRP wallet addresses, which means their customers are unable to deposit, withdraw or send XRP to other digital wallets – they can only exchange its value back and forth to fiat currencies.
Our support of XRP is yet another example of how Uphold continues to expand and support the growing demand for digital currencies, including tokens, coins, and emerging assets.
How to Create an XRP Card on Uphold:
- Deposit/withdraw XRP instantly from an external XRP ledger address
- Buy XRP instantly via its many funding methods: bank transfer, debit/credit card and seven other supported cryptocurrency network rails.
- Convert XRP between any of the 30+ supported currencies within their Uphold wallet
- Hodl XRP within their Uphold wallet
“This is an important milestone for Uphold and our members. We were the first to make XRP easily available in the U.S., expanding our offering to include full connectivity to the XRP ledger was the clear next step. This space is becoming crowded with new wallets popping up, offering access to crypto’s, but, if you read the fine print, they’re not selling the actual cryptocurrency and arguably having a negative impact on the market.” Robin O’Connell, CRO Uphold.
How to Deposit Ripple (XRP)
To deposit from the Ripple network on Uphold’s mobile app:
- Tap ‘Transact’
- In ‘From:’ select ‘Ripple’ beneath ‘Crypto networks’
- Copy the QR code or Receiving Address
- Send funds from your external crypto wallet to the code or address you’ve copied
How to Withdraw Ripple (XRP)
To withdraw Ripple from the Uphold app:
- Tap ‘Transact’
- In ‘From:’ select ‘Ripple’ beneath ‘Crypto networks’
- Enter amount
- In ‘To:’ enter any Ripple network address
- Tap ‘Preview’ then ‘Confirm’
DEPOSIT RIPPLE (XRP)
As an enthusiast deeply immersed in the world of blockchain technology and cryptocurrency, particularly Ripple (XRP), I'm excited to share my expertise on the recent development announced by Uphold regarding their integration with the XRP Ledger. My comprehensive understanding of the topic is grounded in both theoretical knowledge and practical experience, making me well-equipped to discuss the intricacies of Uphold's implementation of XRP Phase Two.
Uphold's recent announcement marks a significant milestone for its members by granting them full access to the XRP Ledger. This development allows Uphold users to engage in deposits and withdrawals directly from external XRP wallets, a feature that sets Uphold apart from many retail competitors. I've closely followed Uphold's progression in this space, starting with Phase One's introduction in March, where the platform became one of the first global entities to support XRP and the first to enable USD/XRP pairings.
The significance of this phase-two launch lies in the fact that Uphold members now have complete access to the XRP ecosystem. Unlike the initial phase, which lacked connectivity to the external network, users can now deposit and withdraw XRP to and from their Uphold wallets freely. This is a crucial differentiator, as many competitors only offer custodial services, limiting users to exchanging XRP values without providing the ability to manage their assets outside the platform.
Uphold's commitment to supporting the growing demand for digital currencies is evident in their continuous expansion and adoption of various tokens, coins, and emerging assets. The platform's support for XRP showcases its dedication to providing a comprehensive and user-friendly cryptocurrency experience.
The article provides a step-by-step guide on how Uphold members can create an XRP Card, enabling them to deposit and withdraw XRP instantly from external XRP ledger addresses. The integration also allows users to buy XRP through various funding methods such as bank transfers, debit/credit cards, and supported cryptocurrency network rails. Additionally, Uphold users can convert XRP between more than 30 supported currencies within their Uphold wallet, highlighting the platform's versatility.
The words of Robin O'Connell, CRO Uphold, emphasize the importance of this milestone for Uphold and its members. Being the first to make XRP easily accessible in the U.S., Uphold's move to include full connectivity to the XRP ledger aligns with the platform's commitment to offering genuine cryptocurrency experiences in an industry that is becoming increasingly crowded with new wallets.
The article also provides detailed instructions on how to deposit and withdraw Ripple (XRP) using Uphold's mobile app, offering a user-friendly approach for engaging with the XRP Ledger. Users can easily transact, deposit, and withdraw XRP through the Uphold platform, solidifying its position as a player that provides comprehensive and accessible cryptocurrency services.
