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The leading Web3 financial platform, Uphold, has announced on your X account which is giving away a whopping 50,000 XRP as part of its November giveaway to one winner.
This offer only works for registered Uphold users based in the US (except residents of the US Virgin Islands, New York and Florida). With every $20 in trades on the platform, a participant gets one entry into the drawing. The number of entries is unlimited, so by participating more times, traders increase their chances of winning the 50,000.
Employees of Uphold or any of its affiliates are not eligible to participate in the November drawing, according to the drawing rules.
Ripple and Uphold Strike Collaboration
In late October, fintech giant Ripple and Uphold joined forces in a partnership to bring together Uphold’s vast crypto liquidity resources and Ripple’s extensive infrastructure to make international payments. Ripple Payments, which used to be known as On-Demand Liquidity (ODL), now covers more than 70 countries around the world.
Uphold offers its users transactions between fiat currencies and cryptocurrencies and is connected to multiple global liquidity providers.
It is important to note here that Uphold has been offering stable support to XRP, while many other large and small crypto exchanges chose to suspend trading operations with the Ripple-affiliated token. Therefore, for the XRP community, Uphold has a great reputation.
Ripple’s big victory over the SEC
In the summer, federal judge Analisa Torres ruled that programmatic sales of XRP tokens made by Ripple on secondary markets do not qualify as sales of securities. That was a big victory for Ripple and the XRP community over the SEC and drove the price of XRP all the way to $0.7.
This caused major exchanges to start relisting XRP. Among them was the largest US crypto platform, Coinbase. As U.Today reported, earlier this week, major cryptocurrency trading venue CEX.IO decided to relist XRP as well.
