Uphold revealed its partnership with Ripple Labs can generate $5B in annual transaction volume.
The deal serves as a channel to promote the integration of traditional finance and crypto.
In a recent interview with the crypto media site Digital Perspectives, Simon Mcloughlin, CEO of Uphold, an American crypto exchange, revealed a key collaboration with Ripple Labs Inc that is set to transform the cross-border payments ecosystem.
Anticipated Volumes of the Uphold and Ripple Partnership
In terms of transaction volume expectations, Mcloughlin did not provide specific numbers but projected an initial annual volume of around $5 billion through the partnership. He also hinted at the potential for this figure to increase significantly, especially as regulatory clarity evolves in various parts of the world.
At the heart of this partnership is Ripple Payments, a key product from Ripple Labs. This product is specifically designed to simplify cross-border fund transfers for international companie

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