Uphold, an American digital pockets and buying and selling platform, has acquired European card issuer Optimus Playing cards UK Restricted to launch a cryptocurrency-enabled card on the continent.
In accordance with a Feb. 2 announcement, Uphold is planning to roll out its crypto-powered debit card in Europe beginning in April 2021. Uphold CEO JP Thieriot mentioned that the launch in Europe follows a successful roll out in the United States:
“From April, we plan to begin rolling out the world’s first, multi-asset, crypto-enabled debit card on the Optimus platform in Europe. The cardboard has already proved a success with our U.S. prospects providing a novel mixture of utility, comfort and crypto-back rewards.”
“Very quickly our European prospects will have the ability to obtain half or all of their wage in Bitcoin — or any asset of their alternative — and spend it utilizing Uphold Playing cards issued by Optimus,” Thieriot mentioned.
The brand new card will embrace a number of the belongings supported by Uphold’s platform — together with cryptos, valuable metals, U.S. equities, and carbon credit.
Optimus is likely one of the greatest debit and bank card issuers throughout the UK and Europe. The agency is regulated by the U.Ok.’s Monetary Conduct Authority as an Digital Cash Establishment and acts as a major card issuer and funds facilitator. Optimus’ companies are appropriate with main platforms like Apple Pay and Google Pay, in addition to contactless and digital playing cards.
Uphold didn’t disclose the price of the acquisition within the announcement. The corporate didn’t instantly reply to Cointelegraph’s request for remark.
As beforehand reported, Uphold introduced its multi-asset debit card within the U.S. in March 2020, supporting 24 crypto belongings like Bitcoin (BTC), 27 fiat currencies, and 4 valuable metals.