Uphold Executive Details XRP’s Role in the Shift Toward Digital Banking Infrastructure

• XRP remains central to Uphold’s cross-border payment strategy despite the rise of tokenized bank deposits.
• Uphold kept XRP trading during regulatory uncertainty after legal review and user-access considerations.
• Tokenized deposits reduce settlement delays, though fiat off-ramps still create residual friction.

An executive at Uphold reports that XRP continues to play a central role in the company’s approach to cross-border payments and digital banking, even as tokenized bank deposits and regulated digital dollars gain traction. Speaking in a YouTube video, Raj Varoja, Senior Vice President of Neobanking at Uphold, outlined how XRP fits into a broader transition away from legacy banking infrastructure toward blockchain-based settlement systems.

Varoja, who has spent eight years at Uphold after starting his career in traditional banking, described the current peri…

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