Uphold announced that its platform now supports Dash. This is in a continued rise of use and value for the virtual currency which is currently sitting well over $700.
In a press release Uphold had this to say:
At Uphold, we were eager to add Dash primarily due to the increased adoption and of real-world use cases. The organizational structure of Dash, with masternodes and proposals and the Core Group, is a recipe for long-term success, especially at a time where the vast majority of the top one-hundred blockchains and currencies are still primarily speculative. Dash excels in e-commerce and payments via digital currency, and is a rising alternative to bitcoin. Dash offers a form of money that is portable, inexpensive, divisible, and fast. It can be spent easily and instantly online at merchants across the globe, at much lower fees than credit and debit cards.
They also noted how Dash has risen 6300% since January and that the new offering would support converting value to Dash.
Much like Coinbase and the Shift card, Uphold allows users to take advantage of a virtual Master Card to make payments and purchases through the Master Card network against value of virtual currency held on their platform. However you do have to move the value from "Dash" to the virtual card sort of like "Bitpay" but on the same platform more "Shift-ish".
“Uphold adds to the Dash ecosystem the fastest and easiest method yet for everyday consumers to acquire Dash. Dash already has many of the world’s largest digital currency exchanges integrated, but exchanges are generally intimidating for average users unaccustomed to trading. Uphold makes transactions much simpler than an exchange, and it supports users from most geographies. All of this means that another great option is available to consumers around the world at unmatched speed and remarkably low cost.” CEO of Dash Core, Ryan Taylor
You can read the full announcement on the Uphold blog.
-Algei
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