About the company
Uphold serves 184+ countries, across 80+ currencies (traditional and crypto) and commodities with frictionless foreign exchange and cross-border remittance for members around the world. Since our launch in 2015, Uphold has powered more than US$4+ billion in transactions.
Uphold is a multi-asset digital money platform offering financial services to a global market. Uphold's unique ‘Anything-to-Anything’ trading experience enables customers to trade directly between asset classes with embedded payments facilitating a future where everyone has access to financial services. Built on a core of proprietary technologies and e-money apps, Uphold embraces a future where people and businesses around the world have access to safe, transparent, fair, and affordable financial services.
Announcement - Debit card
Uphold, an American digital wallet and trading platform, has acquired European card issuer Optimus Cards UK Limited to launch a cryptocurrency-enabled card
“Very soon our European customers will be able to receive part or all of their salary in Bitcoin — or any asset of their choice — and spend it using Uphold Cards issued through Optimus,” Thieriot said.
The new card will include some of the assets supported by Uphold’s platform — including cryptos, precious metals, U.S. equities, and carbon credits.
Optimus is one of the biggest debit and credit card issuers across the United Kingdom and Europe. The firm is regulated by the U.K.’s Financial Conduct Authority as an Electronic Money Institution and acts as a primary card issuer and payments facilitator. Optimus' services are compatible with major platforms like Apple Pay and Google Pay, as well as contactless and virtual cards.
Reward Scheme
2% Crypto reward & 1% Cash Back
Earn 1% back in USD for every USD-sourced transaction and 2% back in the cryptocurrency used for every crypto purchase through the Uphold debit card.
Extra: XRP debit cards
Digital identity firm GlobaliD has teamed up with multi-asset exchange Uphold on a debit card that gives users cashback up to 5% in XRP.
At the moment only US citizens are able to issue such cards. Uphold CEO JP Thieriot has announced that these debit cards will be available in other countries in the near future as well. “We’re delighted to be supporting GlobaliD with the XRP debit card.
Uphold announces XRP debit cards - CoinTribune
Digital identity firm GlobaliD has teamed up with multi-asset exchange Uphold on a debit card that gives users cashback up to 5% in XRP. According to FXStreet, Uphold users will be able to pay in fiat or digital currencies using the debit card, but the cashback will always be in XRP.
https://www.cointribune.com/en/columns/the-trading-column/uphold-announces-xrp-debit-cards/
Value Proposition
Trading Platform
- Anything to anything
- All-inclusive trade prices
- 0% trading commissions, 0% fees on debit card deposits**, and 0% bank*** and crypto withdrawal fees
- Digital wallets
- Uphold serves 184+ countries, across 80+ currencies (traditional and crypto) and commodities with frictionless foreign exchange and cross-border remittance for members around the world.
Debit card:
- The Uphold card allows you to pay with crypto, gold, and more. Earn 1% CashBack and 2% Crypto Reward. Spend Bitcoin, earn Bitcoin.
- Virtual Cards
- No need to convert cryptocurrency to fiat currency before using the card
Buy & Sell BTC, XRP, Equities And MORE In Seconds - Uphold
Currently available in the US, with other jurisdictions coming soon. Click to be added to our waitlist. Debit cards are issued by Evolve Bank & Trust, pursuant to a license from Mastercard International, and are subject to terms and conditions available . You can review Evolve Bank & Trust's Privacy Policy, .
https://uphold.com/en/debit-card
Cons
- The card is not free
- Zero commissions but fees are hidden in the exchange rates (1% fee that is tied to exchanging BTC for U.S dollars)
- Currently only available in the United States
- Not widely available yet, as users must first join a waiting list
Blockfer.com - Reviews
Pros
- FX Fees Refunded - At the end of each quarter, cardholders are reimbursed for any foreign exchange (FX) fees charged when using the Uphold Card for international purchases.
- Asset Spending Options - Cardholders can directly spend their crypto, fiat, and precious metal assets using the Uphold Card.
- Rewards - The Uphold Card offers 2% cashback on crypto asset transactions and 1% cashback on fiat currency transactions.
Cons
- No Direct Registration - Eligible cardholders are currently required to sign up for the Uphold Card waitlist in order to apply for a card.
- Regional Availability - Cardholder eligibility is currently limited to US residents.
- Deposit/Withdrawal Limitations - Deposits and withdrawals are unavailable for several supported assets. For example, cardholders can only spend Platinum (XPT) by purchasing it through the Uphold exchange, which charges an extremely high fee of 3.95%.
Note: Uphold supports numerous assets, but only allows users to deposit and withdraw a select few assets.
NOTE
Uphold debit card (No real FIAT support All UK, EEA, EU or Swiss residents must convert any fiat currency held on the Platform to cryptocurrency or precious metals within thirty (30) days of holding any fiat currency on the Platform). - Not out yet for EEA, EU or Swiss
- Resources
Name
Tags
cryptovantage.com
Review
Uphold Crypto Debit Card 2020 Review - Blockfer.com
Review
