Uphold US President on XRP Ledger Edge in Bank Blockchain Adoption
Nancy Beaton highlights XRP Ledger early positioning and Ripple-Uphold partnerships as banks shift to blockchain rails, with no timelines or volumes named.
Nancy Beaton, Uphold US president, stated that traditional banking is moving to blockchain infrastructure and that partnerships like those between Ripple and Uphold are what will carry the financial system there.
Beaton described Uphold's shift from a retail wallet to an API-enabled platform that lets banks plug directly into digital asset services without building the technology themselves.
She contrasted legacy international transfers, which take two to three days and cost up to 10 percent in fees, with blockchain transfers that settle for pennies and near-instantly.
What Remains Unknown
Beaton positioned XRP Ledger's early positioning as giving it a leg up for bank adoption and enterprise infrastructure.
No specific timelines, bank names, or transaction volumes were disclosed.