U.S. payment company Uphold has just announced it will use the technology of the French crypto wallet maker Ledger to improve the security of its systems.
Uphold, formerly known as Bitreserve, plans to implement Ledger's institutional custody platform, Ledger Vault, to strengthen the security of its services.
Uphold co-founder and CEO J. P. Thieriot said his company decided to integrate the wallet maker's technology as a result of the constant demands of its customers to increase its security.
According to the press release, the integration of Ledger Vault in Uphold's systems will provide a wide range of benefits, such as the possibility of using multiple authorizations as well as support for a greater number of stablecoins based on ERC-20, among others.
Ledger Vault was launched by the French company in May last year, one year ago, as a digital asset security tool focused on institutional investors.
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