Greg Kidd already joined one of the many digital platforms that provide transactions and other currency-related services, Uphold. Kidd is known as an investor in Ripple, Square, and Coinbase, among others.
Greg Kidd already joined one of the many digital platforms that provide transactions and other currency-related services, Uphold. Kidd is known as an investor in Ripple, Square, and Coinbase, among others. The move from Uphold aims to secure at least 20% of all cryptos it holds. Uphold is one of the few platforms that offer some kind of consumer coverage. The partnership between the parties levels $57.5 million.
Hard Yaka, Kidd’s investment vehicle will put great efforts in creating Uphold Labs in order to ease R&D efforts of businesses and customers.
The chief executive officer of Uphold, Mr. Adrian Steckel praised the partnership as the first of its kind in the market of cryptocurrencies. He also states that no other platform ever came close to Uphold in terms of transparency, safety, currency abundance, and already asset protection. The Partnership would supposedly enhance Uphold’s product development process. The company clarified that it is working on adding new assets, connectivity to financial systems and Ripple and blockchain-oriented projects.
Apart from investing in Uphold, Greg Kidd is also joining the board of directors. In his own words, Uphold’s compliance practices and the high level of infrastructure pioneering impressed him. He further adds that its customers can feel the confidence with which the company works as well. He failed to forget thanking Uphold for the opportunity they had given to him. Now he can focus on his contribution to the R&D and compliance areas.
Kidd believes that the cooperation between Uphold and his own Hard Yaka is going to be a fruitful one.
During a private event in San Francisco, Uphold investors were informed of the addition of Greg Kidd in the board of the directors. In the event transaction volumes data were presented to all of the investors in details – which cryptocurrency exchanges are mostly used, and which states and countries are the most active on the market.