Uphold's Beaton: Traditional Banking Shifts Towards Blockchain Infrastructure

Nancy Beaton, President of Uphold's US operations, believes traditional banking is shifting towards blockchain infrastructure. She claims that partnerships between companies like Ripple and Uphold will drive this change.

Beaton notes that Uphold has evolved beyond its retail wallet service to a fully API-enabled platform catering to enterprise clients. This allows banks to plug directly into Uphold's infrastructure, offering digital asset services without building the technology themselves.

Uphold works closely with Ripple and the XRP Ledger, collaborating on projects such as Flare and Firelight, aimed at providing financial institutions a seamless entry point into digital assets.