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Uphold announces direct bank connectivity to UK users

Source: Uphold

Leading digital money platform Uphold today announces bank connectivity for its users in the United Kingdom with the introduction of support for the Pound Sterling (GBP).

From today, a large pool of U.K. beta users can deposit and withdraw funds via their local bank accounts. This update will be made publicly available on January 21. In the coming weeks, users will also be able to enjoy instant funding and withdrawals via the U.K. Faster Payments Service (FPS). Deposits can also be made via debit/credit cards - with zero fees - as well as through eight integrated cryptocurrency networks, including Bitcoin, XRP, Dash and Ethereum.

‘We’re delighted to offer bank connectivity to our customers in the United Kingdom, which has long been one of our most important markets,’ said J.P. Thieriot, C.E.O. of Uphold. ‘The U.K couldn’t be joining us at a more important time as we’re opening around 7,000 new accounts per day thanks to our expanded line up of services.’

U.K. users can now earn interest rates* of up to ten per cent on currencies including the Pound Sterling, Euro and U.S. Dollar, as well as many cryptocurrencies, including Bitcoin, XRP, and Ethereum.

Uphold provides one of the easiest and most cost-effective places for retail investors to buy and sell 30 cryptocurrencies, 29 national currencies and four precious metals, as well as send money worldwide free of charge.

“At the core of Uphold is a mission to democratize access to financial services. Providing seamless onboarding and offboarding is vital for our customers in the U.K and worldwide,” said Thieriot.

Six national currencies also getting bank connectivity include the CAD, CZK, HRK, HUF, PLN and RON.

*Through third-party applications available to Uphold users.

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