Uphold

Basics

• (fka Bitreserve)

• "A cloud-based financial services platform enabling users to convert deposits to their account via bank account, credit card in addition to cryptocurrencies such as bitcoin, litecoin and ethereum into reserve-backed currencies and commodities allowing anyone with a device to send, receive, and exchange money and commodities."
• "Uphold allows users to convert bitcoin into "cloud money," in 29 currencies (dollars, euros, yen, rupee and others) and 4 precious metals (Gold, Silver, Platinum, and Palladium). The company also has an open API and has stated interest in addressing the remittance market through partnerships with the retail outlet Elektra and the Salinas Group."

Team, investors, partners

Team

• Halsey McLean Minor; founder

Funding

• Got investment from Mastercard (10-9-2021).

Partners

• Partnered (18-12-2019) with Salt;

"Uphold has announced a partnership with Salt Lending to provide its users with cash or stablecoin loans using cryptocurrencies as collateral. Uphold users can now secure loans through Salt against their holdings in BCH, BTC, ETH, DASH and XRP. In addition to bringing leading credit solutions to Uphold users, Salt has integrated Uphold wallets into its own platform, allowing the company’s growing user base to access Uphold’s products through their dashboard."

• "A member of the Universal Protocol Alliance, a group of like-minded cryptocurrency companies and blockchain organizations that want to connect different digital assets in a single network. Bitcoin.com Exchange recently listed the Alliance’s Universal Protocol Token (UPT), a mega-utility token offering interest rates when lending and borrowing, lower exchange fees, cashback and discounts on trading."