HeightZero VP Reveals XRP as His First Crypto Investment, Holds Since 2019

Sean Waters, Vice President of Business Development at HeightZero, reveals XRP as his first crypto investment and has never sold the digital asset since 2019.

In a recent interview with Uphold, Vice President of Business Development at HeightZero, Sean Waters, disclosed that his initial foray into cryptocurrencies began with the purchase of XRP, which he has held onto without selling since then. 

Uphold, a US-based trading platform known for its favorable stance on XRP, took to Twitter to share this revelation, generating intrigue among crypto enthusiasts.

🧐 Why does the Vice President at HeightZero hold #XRP?

Read our interview with @SeanWatersHZ to find out!

We also discuss the challenges of working in the digital asset industry, the future of Web3 & more: https://t.co/WeXz6dNJjG pic.twitter.com/csdSCcbTeM

— Uphold (@UpholdInc) July 17, 2023

XRP Was Waters’ First Choice

Waters revealed that his first interaction with cryptocurrencies occurred towards the end of 2019 or early 2020, when he finally decided to make real investments. During this period, he took the plunge and acquired XRP as his first asset.

When asked about his choice of XRP, Waters confessed that, at the time, it was more of a speculative decision influenced by a friend’s recommendation. However, this initial investment acted as a catalyst for his deep dive into the realm of cryptocurrencies. 

Waters said he immersed himself in online communities such as Discord and Twitter, following the XRP army and diligently seeking to comprehend the underlying technology of XRP. The newfound interest firmly hooked him to the crypto world.

Waters Never Sold XRP

Waters highlighted that he has remained steadfast in his decision to hold onto his XRP investments. He has not sold any of his holdings and has consistently acquired more.

“I’ve yet to sell – it’s been all buys, no sells – but I’ve enjoyed the ride so far,” Waters remarked.

XRP Brought Waters to Uphold

As the conversation shifted to Uphold, Waters shared that his association with the platform stemmed from his affinity for XRP. In 2019, he initially purchased XRP on Coinbase. However, when Coinbase discontinued support for XRP in 2020, Waters sought alternatives and ultimately discovered Uphold, a pro-XRP exchange. 

Impressed by Uphold’s comprehensive offerings, he transferred his XRP holdings to the platform. Waters commended Uphold for its diverse features, enabling him to expand his portfolio. Recall that Uphold never delisted XRP like most US-based platforms, holding over 2 billion XRP at some point.

Regarding the challenges of the digital asset industry, Waters shed light on the unique nuances inherent in dealing with cryptocurrencies. He highlighted custody as a significant complexity, citing the necessity to secure wallets and protect private keys—a distinct aspect absent in traditional finance. 

Notably, Uphold has also teased the coming of an advanced custody solution, promising early access to XRP enthusiasts, as The Crypto Basic reported.