![]() That vision, if Minor and Watson have their way, is pretty cataclysmic for traditional banking. Watson took on the CEO role with Minor becoming chairman and ‘chief visionary’. Minor was joined at Uphold in June by the former CIO of Nike and Barclays Anthony Watson. He is best known for starting the online publishing empire CNET but also staked, and was involved with, later big hits like. Why is Uphold/Bitreserve gaining so much attention? In part because founder Halsey Minor has very strong form in founding and backing companies. Later this year Uphold will also offer its own physical and virtual payment cards so users can pay for goods and services direct from their Uphold accounts. Today, account holders in 33 European countries can tap the new funding options, with the US and China to follow next month and India early next year. As with all such advisory services, past results are never a guarantee of future results.The closely watched “cloud money” startup Bitreserve is changing its name to Uphold and, as the rebranding hints, supplementing bitcoin with new capabilities supporting bank transfers, credit cards and debit cards. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. None of the blogs or other sources of information is to be considered as constituting a track record. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. It allows anyone with a device to send, receive, and exchange money and commodities for free.ĭisclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. He also mentioned that the company is seeing a steadily increasing usage of USD due to the company’s easier method where members can fund their accounts via bank transfer in their native currencies.įounded in 2013 by Halsey Minor, Uphold is a cloud-based financial service whereby users can transfer deposits of bitcoin into reserve-backed currencies and commodities. The launch of Uphold opened the doors for an entirely new audience to leverage the benefits of cloud money, said the spokesperson. Uphold previously came as Bitreserve which is a company that was built on the rails of the Bitcoin Blockchain Network, and to fund an account, members sent bitcoin via their bitcoin address. Robin replies saying, “ The main reason for bitcoin being the leader is that we’re the cheapest place to buy BTC with EUR or GBP, and that is the segment that has shown the most volume and growth, and also we have various partners now relying on Uphold for their operations, as well as some remittance operations relying on bitcoin for their last mile, particularly in Brazil and Venezuela.” He adds saying, “ This is in line with our notion that bitcoin is not just a store of value, but in many ways a mechanism for interoperability between different money systems.” ![]() In the start of this year, bitcoin valued $352 and today, according to, it values $474.33. Talking about bitcoin, he said that the digital currency has over $57M worth of bitcoin trading happening in 2016 to date. ![]() The company plans to add Ethereum soon to the list. Uphold lets its members to choose to hold their funds in 30 different types of value, which includes 23 fiat currencies, four precious metals (gold, silver, platinum, palladium) and three cryptocurrencies. Uphold team replies to Merkle’s question on which of these markets has been most successful throughout Q1 of 2016 and why. Uphold has supported several dozen fiat currencies, several cryptocurrencies, and four precious metals. In an exclusive interview with, Uphold EVP Global Growth & Partnerships Robin O’Connell talks about how the company envisions the future of cryptocurrency saying that bitcoin is the leader over all digital and fiat currencies.
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