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Uphold adds Dash cryptocurrency to roster

Digital money platform Uphold has integrated Dash, enabling 94 percent of the global population to buy and hold the cryptocurrency online or on their mobile device, and send it anywhere in the world.

With this integration, Uphold customers would be able to buy Dash directly via bank transfer in the U.S. and SEPA in the E.U., by converting any number of 30+ supported fiat and cryptocurrencies, as well as sending to anyone with an active email address. Funding Uphold accounts using major credit cards will also be possible in the days following this integration, said a statement.

“Uphold adds to the Dash ecosystem the fastest and easiest method yet for everyday consumers to acquire Dash. Dash already has many of the world’s largest digital currency exchanges integrated, but exchanges are generally intimidating for average users unaccustomed to trading. Uphold makes transactions much simpler than an exchange, and it supports users from most geographies. All of this means that another great option is available to consumers around the world at unmatched speed and remarkably low cost,” CEO of Dash Core, Ryan Taylor said.

Since its launch in 2015, Uphold has facilitated over $2 billion in transactions across 184 countries. It also enables conversion to four commodities, namely silver, gold, platinum, and palladium, and runs an advanced API that can leverage Dash’s upcoming decentralized payments system, Evolution.

According to the official release, Uphold will soon enable Dash’s instant transactions feature (InstantSend), which allows for transaction verifications in less than two seconds, a fraction of the time it takes for other digital currency transactions to clear.

Dash has grown in value by 6300% since January 1 this year. It is currently trading at $765 levels at the time of writing.

“We were eager to add Dash primarily due to the increased adoption and of real-world use cases,” Colin Luce SVP and Head of Global Business Development said. “Uphold provides a safe, simple and inexpensive way for consumers to move money across currencies and borders, without the delays and fees associated with legacy financial systems. Our customers are able to move out of unstable currencies, like the Venezuelan Bolivar (VEF) or Zimbabwean Dollar (ZWL), and transfer that value to more stable currencies, like USD. They can also access their funds anytime and are not exposed to market volatility and devaluation by holding USD instead of their native currency.”

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