Uphold Acquires Bitnet, Calls It Uphold Merchant Services
Uphold has acquired Bitnet's Bitcoin-based merchant payments solution business to create Uphold Merchant Services. Uphold, the blockchain based online financial platform has announced its acquisition of Bitnet, or at least what’s left of it to create Uphold Merchant Services. Uphold’s deal follows the earlier acquisition of Bitnet’s blockchain IPs by one of its investors, Rakuten. Bitnet has been one of the familiar names in the cryptocurrency industry. The platform has been offering Bitcoin merchant payments services while researching into various other applications of blockchain....
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Two bitcoin startup executives have joined the leadership team for Uphold, the digital money platform. Bitnet CEO and co-founder John McDonnell and chief data architect Jiri Novak will become part of a new offering called Uphold Merchant Services, which will aim to provide payment and financing services to businesses that use the Uphold platform. Bitnet was acquired as part of the deal. The company, former known as Bitreserve, was founded by CNET founder Halsey Minor and formally launched in late 2014. The platform later rebranded as Uphold. McDonnell and Novak join the startup months....
Uphold Inc., a platform that provides various financial services and encourages fintech innovation, now allows customers in Greater China and Hong Kong to use their China UnionPay card to load funds to their Uphold wallet. Uphold is partnering with China UnionPay, the largest bank card association in China. Uphold offers China UnionPay customers a safe, secure, and transparent suite of financial services. In announcing the China UnionPay partnership, Anthony Watson, Uphold president and CEO, said Uphold becomes the first U.S.-based financial services company to provide services in Greater....
The Voxelus virtual reality (VR) content creation platform is making its VOX currency available on the Uphold cloud money platform in a beta pre-sale. Uphold users can order VOX on Uphold before its general release on March 30, 2016, according to Anthony Watson, president and CEO of Uphold Inc. Voxelus allows users to create VR games and experiences without having to rewrite code. It offers a VR player app that plays content using the desktop content tool on Samsung VR or Oculus Rift and is developing even more features. Uphold in November launched the ability for U.S. members to fund....
Bitcoin exchange Bitreserve, Inc has undergone a major rebranding and repositioning to unveil itself as Uphold, Inc. In addition to the company's original service wherein customers' bitcoin could be converted into legacy currencies and metals, customers will now have the means to link their bank accounts to fund their Uphold accounts. Credit cards and debit cards will also be accepted, along with Bitcoin. In a blog post, CEO Anthony Watson spoke about the rebranding of the name along with the changes to the company's platform. In a word, Uphold embodies our core values and is the best way....
A recent Reddit posting claiming that Uphold, a platform that provides various financial services and encourages fintech innovation, was heading to insolvency because of its VOX holdings drew a quick response from Uphold that caused the critic to recant. The Reddit post a few days ago expressed concern over the fact that $107,936,914 of Uphold’s assets is comprised of VOX, a cryptocurrency for virtual reality games that Uphold helped to create. “There is no way ‘Voxel’ should belong on a reserve statement with national currencies as it is a speculative security that should be marked....