Review on Uphold by Emre Koç
Many asset classes can be paid with the new debit card.
Digital payment platform Uphold has launched a new debit card that allows users to pay with crypto, commodities and cash. It is the first wallet that comes with such a new feature.
The digital payment platform Uphold offers users the ability to pay with crypto, commodity and cash.
Uphold's new multi-asset powered debit card will offer U.S. customers the ability to shop at all Mastercard-accepted locations with assets they hold in Uphold accounts. Interviewed by Cointelegraph, the Uphold representative said: "they will be able to use this debit card in all places around the world where Mastercard is accepted., "he said.
US customers can pre-order this card, which is compatible with 24 crypto assets, 27 legal currencies and four precious metals, including Bitcoin (BTC), Basic Attention Token (BAT), XRP, gold and US Dollar.
Although the use of digital assets in this type of system seems quite logical, the question of why someone would want to spend gold, a non-digital and useless asset that they are accumulating, may come to mind. Users have a separate wallet for all assets in Uphold accounts, the representative said, adding that the user determines which asset to pay with when shopping.
This step could be an important step towards making crypto more functional.
Pros
- A carefully designed interface.
- Gateway with Fiat.
- 2FA introduction.
- Easy and fast database.
Cons
- Backup's a little slow.
