Uphold is issuing a debit card for cryptocurrencies. It has invited select users for the trial of the cards beta version.
Upholds debit card supports cryptocurrencies like Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Dash, etc. as well as a range of fiat currencies including CHF, CNY, JPY, HKD, INR, and USD. It even supports gold fiat currencies.
Users who opt for the debit card will receive a physical card, and they can also access a virtual card. No extra charge will levy for the card and receive a $50 deposit in the user’s account for their participation in the trial of the beta version.
The debit card will be available in the US. Users will need to fulfill Know Your Customer (KYC) verification with Uphold to become eligible for the card. Uphold will also launch a mobile companion app for the debit card.
Uphold claims that it is the world’s transparent reserve as it maintains a public record of its assets and its member’s holdings. Thus, users can verify for themselves that funds are there in reserve, and they are accessible.