US digital currency outfit Uphold is set to launch crypto-enabled cards across Europe thanks to the acquisition of issuer Optimus Cards UK. Financial terms were not disclosed.An Electronic Money Institution regulated by the Financial Conduct Authority, Optimus acts as a primary card issuer (including FX multi-currency) and payments facilitator.
Already available in the US, the Uphold account allows users to toggle instantly between more than 100 funding sources and spend any of their holdings – from XRP to Tesla stock – at more than 50 million merchants worldwide, as well as access to cash at virtually all ATMs.
“We’re delighted to have acquired an issuer with such a technically-sophisticated platform and a full EMI license,” says JP Thieriot, CEO, Uphold. “These attributes will shortly allow us to issue multi-asset, crypto-enabled debit cards across the UK and Europe.”