Powering over $872,484,669
in cloud money transactions.

...a transparent platform where assets are completely verifiable.

...carry out foreign exchange transactions for free, dodging the expensive commission often charged by major financial institutions.

The company is keeping full reserves of the money held in its accounts in every currency it offers, instead of a fractional reserve as a typical bank does, and it will continue to make those holdings completely transparent on its site.

Uphold will make a lot of people happy. It gets rid of all the unnecessary fees and provides 100% transparency. This is a far superior product compared to traditional banking.

Think of Uphold as more of a vault than a bank. In contrast to the traditional banking system ... Uphold’s value proposition is the ability to send someone money more quickly and more cheaply.

...Opening up a new front in a battle to disrupt the $500 billion international remittance market.

Uphold is trying to rethink the way a bank should operate, with the everyday customer in mind rather than investors or wealthy individuals.

This is a platform that lets users access, hold and move currencies and commodities without traditional banks.