Digital payment platform Uphold has released a new debit card, allowing users to pay with converted crypto, commodities and cash.
Uphold's new multi-asset debit card allows United States-based participants to spend assets held in their Uphold accounts at any Mastercard compatible location, a representative from Uphold told Cointelegraph in an interview.
United States-based customers can now pre-order the card, which touts compatibility for 24 crypto assets, 27 fiat currencies, and four metals including Bitcoin, Basic Attention Token, Ripple's XRP, gold, and U.S. dollars.
Uphold is a digital asset platform on which users can buy, sell, spend and hold digital assets, fiat currencies and commodities.
Uphold is the first to combine asset worlds in debit form.
Uphold's multi-asset debit card is the first of its kind that allows users to convert different commodities, crypto-assets and fiat currencies to spendable cash at the point of sale.
"If you toggle within the app that the debit card is connected to, you are able to spend, instantly, BAT, gold, palladium, silver USD - anything, anywhere, any time - in real time," an Uphold representative said.
Uphold also touts no foreign exchange fees in the process.
Although digital asset usage within such a system seems logical, one may wonder how they might go about holding and spending gold, a non-digital and somewhat clunky asset.
"We do have a partner where our users who have gold can actually order physical gold, delivered to their house," the representative explained.
Uphold's New Debit Card Lets You Pay With Bitcoin, XRP and Gold
Published on Mar 4, 2020
by Cointele | Published on Coinage
Another mainstream company is seeking approval to invest in crypto
Anthony Scaramucci's investment firm, SkyBridge, seeks approval from the SEC to invest in crypto.
COVID-19 popularized decentralization, but blockchain may not catch on
On Nov. 9, drugmaker Pfizer announced that its COVID-19 vaccine is 90-plus percent effective, and even though it may be premature to proclaim the pandemic's end - as the virus continues to rage in the United States and Europe - once can at least speculate: Where will blockchain adoption stand when the crisis abates?
Bitcoin hits new 2020 high at $16.7K -Traders expect bigger breakout
The price of Bitcoin hit a new yearly high at $16,717 on Binance.
The next big crypto market could be fantasy sports, says Messari
As "Digitally native" ecosystems like esports continue to synergize with blockchain technology, industries like fantasy sports could be primed for mass adoption, says digital research firm Messari.