An early Coinbase and Twitter investor just gave Uphold $57.5 million to add Ripple and insure against hacks
- 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