Cloud Money Platform Uphold Expands Funding Options in the US

November 25, 2015         By: Melanie Macinas

Cloud money platform Uphold has expanded the ways in which money moves by enabling US members to fund their accounts through bank transfers, debit cards and credit cards.

Uphold members in the US previously needed bitcoin to fund their accounts. With the launch of the ACH functionality, they can now fund their Uphold accounts by linking their bank accounts, debit cards and credit cards.

The launch of this feature in the US follows the recent success of the rollout of similar feature in Europe.

With the addition of the ACH functionality, Uphold is able to offer more ways to move, convert, hold and transact in 24 currencies and four commodities securely, instantly and for free.

The new functionality also empowers businesses and developers to create applications, products and services that provide free, secure, compliant and instant value transfers, conversion, storage and exchange services through the open API Uphold Connect.

Anthony Watson, Uphold President & CEO, commented, “The launch of ACH is an important stepping stone in Uphold’s path to bringing accessible, equitable, fair and free financial services to anyone, anywhere. Our members deserve a better way to access their hard earned money, faster and without unnecessary fees. Whether saving on checking fees, sending money abroad to family and friends, or handling international business transactions, Uphold is faster and cheaper than traditional services — and entirely more transparent. We are changing the status quo of financial services.”

Uphold also plans to launch similar functionality in China and India in the coming weeks, as well as other capabilities such as Discover, MasterCard and Visa digital and physical cards.