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Crypto payments startups Uphold doubles presence in Portugal with Scytale's acquisition

Mquinn81 [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)]

Fri, 12 Jul 2019, 04:11 am UTC

U.S.-based digital finance platform Uphold announced that it has doubled its presence in Portugal following its acquisition of Scytale, a web development and design studio specializing in producing intelligent applications.

Launched in 2015, Uphold, formerly Bitreserve, is a platform app model, providing financial services to a global market. It promotes innovation by offering a platform approach that enables app developers and fintech partners to leverage Uphold’s reach via licensed relationships with banks and financial service partners worldwide.

Now, we’ll get to build, implement, and continually enhance solutions for a truly global business. Uphold has more than 1 million customers in over 183 countries and we’ll be able to see our ideas become part of its growth story around the world,” Nuno Ferreira, Scytale’s former Chief Executive Officer and now Uphold’s Vice President of Engineering, said in a press release.

With an aim to make investments and payments seamless, easy, and affordable to people, Uphold now offers mobile access to and transfers between 23 fiat currencies, 12 digital assets and tokens, and four metals. Since its launch, it has facilitated over $4 billion in transactions.

These aims align well with Scytale’s insistence that their solutions and visual designs should improve life, work and play for users,” Tiago Ribero, Uphold’s Co-Chief Technology Officer, said.

Uphold said it will continue to partner with talented people as it plans to extend its global reach.

The American payment startup has also recently partnered with Ledger, a security and infrastructure solutions provider for cryptocurrencies and blockchain applications, to boost its security. The collaboration will see Ledger’s institutional custody platform Ledger Vault protect customers’ funds from hacks.

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  • Greg
  • 2019.07.12 06:18:26
This is a warning to all bitcoin investors, Don't be a victim. Most investment, forex/binary options companies out there are fraudulent. They are all scams. I have been a victim of their activities. I invested about $175,000 and when i wanted to withdraw after some weeks, I was unable to reach their contact numbers or emails with which we stayed in touch. I assumed they were having some maintenance routing check, as that had happened in the past. After some weeks, I was contacted again by them and was asked to invest which i refused and told them i wanted to withdraw my money. After this, i didn’t hear from them again. At this point, I started to feel like i had been duped. I was lost and shattered as i had lost most of my savings. I was depressed for about 4 months. I was too ashamed to tell anyone about it, not even my children. I finally summoned the courage to tell my friend who came to visit me in the UK from New Zealand. He told me about a firm which specializes on helping get money back called bitcoin retrieval genius. I contacted them and was guided to recovering most of my money. It was a great feeling to get some of my money back, as i had given up all hope.You can also contact him via bitcoinretrievalgenius at gmail dot com.
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