Uphold: Traditional Banking Shifts to Blockchain with Ripple's Help
Nancy Beaton, President of the US for digital asset platform Uphold, believes that traditional banking is shifting towards blockchain infrastructure. She sees partnerships between companies like Ripple and Uphold as key to this transition.
Uphold has evolved from a retail wallet service to a fully API-enabled platform built for enterprise and institutional clients. This shift allows banks and financial institutions to plug directly into Uphold's infrastructure, offering digital asset services to their customers without building the technology themselves.
The company works continuously with Ripple and the XRP Ledger. Beaton cited near-term collaboration with Flare and Firelight on the enterprise side, aimed at giving financial institutions a complete pathway into digital assets.