Uphold Unveils XRP Purchase Plan for Ripple Payments.

In a strategic development, Uphold has revealed its intention to acquire XRP directly from the open market to facilitate Ripple Payments transactions for cross-border purposes. This initiative aligns with Ripple’s recent announcement of a strategic partnership with Uphold to better serve its U.S. clientele.

The primary aim of this undertaking is to ensure that customer funds are not used in the Ripple Payments transactions. Uphоld, the global multi-asset trading platform, is deepening its collaboration with Ripple Labs, enabling the delivery of Ripple Payments services to U.S. customers via Uphоld.

The decision to purchase XRP directly from the open market reinforces Uphold’s commitment to providing efficient cross-border money transfers through Ripple ODL. Uphоld made this clear in a recent statement, assuring its users, “We never leverage customer funds.”