ambcrypto.com
The XRP community, arguably one of cryptoverse’s most active groups, was thrilled following a positive development for its promoted cryptocurrency.
Uphold Inc., a crypto financial services company, announced the elimination of withdrawal fees for XRP on its platform, on Twitter. The move to waive these fees was made after considering the XRP community’s feedback, the company reported.
The official announcement read,
Source: Twitter
Uphold, a cloud-based financial services platform launched in November 2014, enables users to move, hold, convert and transact cryptocurrencies, money or commodity instantly with assured security.
The services platform is the first ever financial company to publicly share its reserve holding in real time. The platform currently boasts 23 fiat currencies, along with 9 cryptocurrencies and 4 precious metals.
According to a recent blog released by Uphold Inc., users exhibited a growing interest in XRP on the platform, despite the brutal bear market of 2018.
The blog stated that interest in BTC, ETH, and LTC fell due to the simultaneously growing interest in XRP, since the token was launched on Uphold in March 2018. XRP grew to 39% by 4 January 2019, the blog added.
Uphold Inc. had this to say about the new announcement,
“Today’s announcement is another step we’re taking as we review our fee structure and we’re looking at a number of potential opportunities to continue evolving that include Dash and other assets.”
Withdrawal fees have been a huge issue within the cryptocurrency community recently after Coindelta, an Indian cryptocurrency exchange, suspended its services and levied exponentially higher withdrawal charges on users wishing to withdraw their cryptos from the exchange.