Uphold Expands Offerings with XRP Support and Bitcoin Inheritance
Uphold has expanded its offering by adding support for XRP (Ripple) and Bitcoin inheritance features, citing an estimated $331 billion in stranded assets. This move aims to provide users with more flexibility and security options within their account management.
The introduction of these new features comes as Uphold looks to address the issue of 'stranded' cryptocurrency assets, which refers to funds that are left untouched or inaccessible due to various reasons such as forgotten passwords or lack of access. According to estimates, there are approximately $331 billion in stranded digital assets worldwide.
The addition of XRP support allows users to buy, sell, and hold this popular altcoin within their Uphold accounts. Bitcoin inheritance features enable users to set up a mechanism for transferring their BTC holdings to designated beneficiaries in the event of their passing.