XRP Holders Gain Advanced Security
American exchange Uphold has introduced its self-custody solution, “Uphold Vault,” to improve digital asset security and autonomy. The service, initially available to XRP holders, uses a multi-signature framework with three keys: the Vault Key, the Backup Key, and the Uphold Key. Users can execute transactions autonomously, especially when Uphold’s system is inaccessible.
Uphold offers assistance in replacing and restoring access to the vault in case of misplacement, while maintaining a strict policy against accessing user’s keys or assets. Uphold Vault will be exclusively available to XRP investors, with plans to expand support to other cryptocurrencies.
(With inputs from Shikha Singh)
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