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Digital Money – Uphold Announces Bank Connectivity in UK

Fiat Exchange 


JANUARY 14, 2020 / 11:58 UTC

LONDOM (Fintech Zoom) – Leading digital money platform Uphold today announces bank connectivity for its users in the United Kingdom with the introduction of support for the Pound Sterling (GBP).

From today, a large pool of U.K. beta users can deposit and withdraw funds via their local bank accounts. This update will be made publicly available on January 21. In the coming weeks, users will also be able to enjoy instant funding and withdrawals via the U.K. Faster Payments Service (FPS). Deposits can also be made via debit/credit cards – with zero fees – as well as through eight integrated cryptocurrency networks, including Bitcoin, XRP, Dash and Ethereum.

‘We’re delighted to offer bank connectivity to our customers in the United Kingdom, which has long been one of our most important markets,’ said J.P. Thieriot, C.E.O. of Uphold. ‘The U.K couldn’t be joining us at a more important time as we’re opening around 7,000 new accounts per day thanks to our expanded line up of services.’

U.K. users can now earn interest rates* of up to ten per cent on currencies including the Pound Sterling, Euro and U.S. Dollar, as well as many cryptocurrencies, including Bitcoin, XRP, and Ethereum.

Uphold provides one of the easiest and most cost-effective places for retail investors to buy and sell 30 cryptocurrencies, 29 national currencies and four precious metals, as well as send money worldwide free of charge.

“At the core of Uphold is a mission to democratise access to financial services. Providing seamless onboarding and offboarding is vital for our customers in the U.K and worldwide,” said Thieriot.

Six national currencies also getting bank connectivity include the CAD, CZK, HRK, HUF, PLN and RON.

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*Through third-party applications available to Uphold users.

 

About Uphold
Uphold is a leading digital money platform with more than 1.7 million customers globally and almost $6 billion in transactions to date. It serves both retail and business customers. Leveraging blockchain technology, Uphold provides easy access to cryptocurrencies, national currencies, precious metals, and yield/credit products. Customers can buy and sell currencies/assets with zero commissions, or send funds to virtually anyone, worldwide, free of charge, including payments to businesses and employees. Uphold is unique in translating all supported asset classes into a common digital language, which means that any asset can be exchanged directly into any other asset, creating an easy and intuitive trading experience. Businesses use Uphold to pay freelancers around the world, or to accept customer payments in cryptocurrencies and convert them automatically into national currencies. Accounts can be funded via eight cryptocurrency networks, bank connections in around 40 countries, as well as debit and credit cards. The platform is a bridge between old and new money systems. The platform offers 29 national currencies, 30 digital currencies, and four precious metals. Uphold is available through web, iOS and Android applications.

 

 

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Mia Turner

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