Uphold Acquires Credit Card Issuer to Expand Crypto Services
Main page News, UK, European Union, Crypto Market, Cryptocurrency
Hot topic
Feb. 2, 2021

Uphold, a digital money platform, has acquired Optimus Cards UK Limited, a debit and credit card issuer, to roll out its own crypto-enabled debit cards across the UK and Europe.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

The company said in a press release that the acquisition comes after Uphold welcomed over 2 million new customers and grew reserve assets to more than $1 billion. Uphold Chief Executive, JP Thieriot, says the company wants to start rolling out the multi-asset, crypto-enabled debit card on the Optimus platform in Europe.

"The combination of Optimus's tech-forward card platform and Uphold's unique multi-asset wallet should create a compelling product," he added.

With the crypto-focused cards, Uphold plans to allow European customers to receive salary in bitcoin (EXANTE: Bitcoin) or any other cryptocurrency. In January, Uphold became one of the fewest companies that announced the continuation of its support for XRP unless the SEC's complaint is adjudicated in the SEC's favor and XRP is judged to be a security. The company said in an announcement that the SEC's complaint is just "an allegation" so far.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error