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Uphold to Release Europe-based Crypto Card Following New Acquisition

By Natalie Wu | February 11, 2021
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Uphold – a US-based crypto wallet and trading platform – has reportedly finalized the acquisition of European card issuer Optimus Cards UK Limited, to roll out an EU-based, crypto-enabled card. 

Specifically, Uphold is reportedly having plans down its pipeline to make its crypto-based debit card available throughout the European area, beginning April next year. 

“From April, we plan to start rolling out the world’s first, multi-asset, crypto-enabled debit card on the Optimus platform in Europe. The card has already proved a hit with our U.S. customers offering a unique combination of utility, convenience and crypto-back rewards.” Head of Uphold, JP Thieriot, reportedly claimed the EU release is the result of a precedent introduction across the US. 

The project rollout will reportedly mean its clients in the EU will have the power to receive their wage in Bitcoin, or any crypto asset they prefer, “and spend it using Uphold Cards issued through Optimus”. 

Numerous currently facilitated ‘s by Upholdplatform are reportedly also covered by the new card, nominally cryptos, precious metals, U.S. equities, and carbon credits.

Optimus is reportedly among the top-tier debit and credit card issuance entities across the UK and Europe, and is under the regulation of the U.K.’s Financial Conduct Authority as an Electronic Money Institution, as well as functioning as a primary card issuer and payments facilitator.

Optimus’ services can reportedly be integrated with popular platforms, such as Apple Pay and Google Pay, as well as contactless and virtual cards.

The exact amount needed to finalize the acquisition is reportedly yet to be disclosed. 

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