An early Coinbase and Twitter investor just gave Uphold $57.5 million to add Ripple and insure against hacks
01/27/2018 General World News
The logo of blockchain company Ripple is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren

  • Greg Kidd, an early investor in Coinbase and Twitter, just invested $57.7 million toward Uphold, a currency exchange that also trades in cryptocurrencies.
  • Uphold will use part of the money as insurance for its users to guarantee that their deposits to the exchange are protected in the event of a hacking incident.
  • Uphold will also use the funds to add integrations with Ripple and beging trading in its cryptocurrency XRP, which is up almost 4000% since it started trading in April.

Greg Kidd has had big success with his early investment in Coinbase, the cryptocurrency exchange now valued at $1.6 read more >>>

Source:: BusinessInsider.Com

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