PRESS RELEASE:
The leading cloud money platform continues to offer more ways to move, convert, hold and transact instantly, securely and for free
SAN FRANCISCO–(BUSINESS WIRE)–November 23, 2015–
Uphold, the world’s leading cloud money platform, today launches the ability for U.S. members to fund their Uphold accounts by linking their bank accounts, debit or credit cards, in addition to bitcoin. This is the second phase of the company’s global rollout, following the recent success of the rollout of similar functionality in Europe announced in October. This functionality connects the legacy and fragmented financial ecosystem with The Internet of Money™ — the future of money and finance.
Previously, members needed bitcoin to fund Uphold accounts in the U.S. As of today, members can use their bank accounts, debit or credit cards to send funds to Uphold accounts and send funds from Uphold into linked bank accounts. Uphold now offers even more ways to move, convert, hold and transact in 24 currencies and four commodities instantly, securely and for free.
“The launch of ACH is an important stepping stone in Uphold’s path to bringing accessible, equitable, fair and free financial services to anyone, anywhere,” said Anthony Watson, Uphold President & CEO. “Our members deserve a better way to access their hard earned money, faster and without unnecessary fees. Whether saving on checking fees, sending money abroad to family and friends, or handling international business transactions, Uphold is faster and cheaper than traditional services — and entirely more transparent. We are changing the status quo of financial services.”
In the coming weeks, Uphold plans to roll out similar functionality across India and China (limited beta), as well as other capabilities, including Visa, MasterCard and Discover digital and physical cards.
Uphold continues to support bitcoin and is now the cheapest and fastest way for consumers and businesses to purchase bitcoin, globally.
Through Uphold’s open API, Uphold Connect, businesses and developers can benefit from this new functionality to create applications, products and services that deliver free, secure, regulatory compliant and instant value transfer, conversion, storage and exchange services. To learn more, visit https://uphold.com/en/developer/api.
Eligibility: The ability to link Uphold to bank accounts, debit and/or credit cards is available to registered and verified members in approved U.S. states and countries around the world.
Fees: Due to external cost and charges, some fees apply above certain monthly limits.
- Debit and credit cards: A fee of 2.75% applies to members who choose to fund their Uphold account with a debit or credit card. Visa and MasterCard initially.
- Bank transfers: It is free to withdraw value off of Uphold into a bank account up to $12,000 (or equivalent of €10,000 or £8,000) per year. Thereafter, a fee of 0.5% applies.
For more information about eligibility, fees and information on Uphold, please visit our FAQ.
About Uphold
Uphold enables anyone, anywhere to move, convert, hold and transact in any form of money or commodity instantly, securely and for free. To date, Uphold has powered over $620 million in transactions by tens of thousands of members across 168 countries, in 24 supported currencies and four precious metals. Launched by Halsey Minor in November 2014, Uphold is headquartered in Charleston, South Carolina, with operations in London, Braga, Shanghai and San Francisco. For more information, visit www.uphold.com or on social media at @UpholdInc and www.facebook.com/UpholdInc.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151123005587/en/
Uphold
Caitlin Regan, +1-925-899-4326
media@uphold.com