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 response to 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 start out rolling out the world’s first, multi-asset, crypto-enabled debit card on the Optimus platform in Europe. The cardboard has already proved successful with our U.S. prospects providing a singular mixture of utility, comfort and crypto-back rewards.”
“Very quickly our European prospects will be capable to obtain half or all of their wage in Bitcoin — or any asset of their selection — and spend it utilizing Uphold Playing cards issued via Optimus,” Thieriot mentioned.
The brand new card will embrace a number of the belongings supported by Uphold’s platform — together with cryptos, treasured metals, U.S. equities, and carbon credit.
Optimus is among the largest 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 main card issuer and funds facilitator. Optimus’ companies are suitable 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 treasured metals.