Another massive win for the XRP Army.Ripple announced a huge partnership today and I'm going to explain you everything you need to know. Ripple announces A partnership with crypto exchange Uphold to enhance crypto liquidity capabilities for cross-border payments.And this partnership makes sense because Uphold continue to keep XRP listed while other crypto exchanges removed it because of that silly SEC case. I appreciate and acknowledge their support for the XRP community.So some key points from the press release.Ripple uses the term Web Three which again I think web three is still in beta.Ripple's blockchain and crypto enterprise solutions help customers globally to accelerate their business performance and scale by removing the need to pre fund accounts around the world freeing up trap capital with over 10 years of building blockchain solutions for finance.So basically they want to improve the traditional financial sector.
Also, Apple has the ability to improve Ripple's existing system with their liquidity and they state that the Uphold platform features a fully automated high frequency trading stack connected to 30 underlying trading venues, allowing us to offer deep liquidity, multiple execution paths for transactions and exceptionally tight spreads.Its products offerings have since grown to address new use cases for businesses like liquidity management, tokenization and custody solutions.
And today, Ripple services hundreds of customers in over 55 countries and six continents with payout capabilities and more than 70 markets and has processed $30 billion worth of volume and 20 million transactions since Payment Solutions was first launched.So basically all they want to do is they want, want to continue to provide better services or solutions to traditional finance, OK.They want to work with more banks, they want to establish more partnerships, they really want to help facilitate those cross-border payments that can be a big pain to do.So overall this is a very, very, very bullish partnership fundamentally.Again, big Congrats to the XRP community.