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Uphold adds Ether to its bouquet of cryptocurrencies

Cloud based financial services platform Uphold today announced that it has added the support for Ether on its platform.

“Starting today, Uphold members can now buy or convert value to Ether with just a few clicks, right from their account. We make holding, converting and sending Ether easy for anyone to understand and anyone to do - just as we’ve done for Bitcoin, Litecoin and any of the 30 other currencies we support”, it said in a blog post.

Uphold first revealed its plans to support Litecoin and Ethereum on its platform in March. It added the support for Litecoin in May, allowing members to easily purchase or convert existing value to Litecoin. With the latest announcement, Uphold has become the only platform that fully supports the free convertibility of Bitcoin, Litecoin and Ethereum.

To get started, members can either use existing funds or fund their Uphold account directly with USD, EUR or GBP (via bank transfer or credit/debit card), or with Bitcoin, Litecoin or Voxel. Then, they need to create their own personal Ethereum money card and convert the amount they wish.

Members would now able to:

  • Buy Ether directly with USD, EUR and GBP via bank transfer or credit/debit card, or another supported cryptocurrency (BTC, LTC and VOX)
     
  • Convert Ether from any other currency in their Uphold Wallet
     
  • Hold Ether in any value for any length of time for free
     
  • Send Ether from external hard wallet into Uphold wallet
     
  • Send Ether to anyone with an email or Uphold account for free

Regarding pricing/fees, Uphold said that the first $1,000 per month is absolutely free to exchange, after which a 0.95% fee is applied to all exchanges. Ether’s price index is determined in real-time directly from external exchanges, which are separate to and independent of Uphold.

Getting Paid In Ether Via Bitwage

Uphold said that following several requests and powered by Ether’s integration, bitcoin payroll startup Bitwage has become the first to offer the unique experience of allowing workers to enter into the world of decentralized autonomous organizations through their paycheck.

“Bitwage is excited to leverage Uphold’s support for Ether. Together, we make purchasing Ether simple and easy for you and your employer, and allows you to accrue smaller amounts (or larger, if you prefer) each pay period continuing to build up the value you wish to hold”, said Bitwage President and CEO.

Last November, Bitwage announced a round of financing worth $760,000, with $200,000 of it raised on the investment platform BnkToTheFuture. Investors included Tim Draper's Draper Associates, Orange Telecom's Orange Silicon Valley, Saeed Amidi (Paypal, Dropbox, Lending Club), Max Keiser's Bitcoin Capital, and Cloud Money Ventures – the venture arm of Uphold.

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