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Product Updates

Bitwage Launches Support Of Dash Powered By Uphold

  • 15 Mar, 2018

  • 2 Min read

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At Uphold, we value our members and frequently receive requests for new features and partnerships. We are thrilled to announce that one the most frequently requested offerings, Dash payroll via Bitwage, is now live and available for our members.

The launch of Dash by Bitwage is in addition to the existing support of bitcoin, litecoin, and ethereum. Dash’s trading volume continues to increase as does the demand by the Uphold community to get paid in Dash. With this integration, members can now get paid in Dash via Bitwage and decide if they would like to hold value in Dash, transfer between the 30+ currencies Uphold supports or move to a bank account or external crypto wallet. CNBC recently quoted our CRO, Robin O’Connell in an article highlighting the global adoption of gig economy and remote contractors being paid in cryptocurrency, “The process of paying into that individual’s bank takes time and is super expensive. Cryptocurrencies have become an equalizer for a lot of these individuals.”

Whether you are a consultant working for a company across the globe or in a more traditional role, Bitwage enables anyone to get paid easily in cryptocurrency.

How to connect Bitwage to your Uphold account

If you don’t already have an Uphold account, you will need to sign-up for an account on Uphold and Bitwage. Once you’ve established those accounts, here’s a guide to help you get started:

1. Once logged into your Uphold account. You will need to create a ‘Dash’ card. Simply click “Add card/currency” from your dashboard and select Dash.

2. Once you’ve created the card, integrate your accounts. Visit the Bitwage site and under “Add Distribution” choose “Savings and Cards”. You can add your Uphold Dash card instantly!

By simplifying the payroll process via our partner Bitwage, we continue to innovate and support the expansion of the growing demand for digital currencies. We are proud to provide our members with new payroll solutions and opportunities to manage their money without the delays and fees associated with the legacy payroll processes.

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  • CEO, Enterprise

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Robin O'Connell photo
Written by
  • CEO, Enterprise

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Uphold Europe Limited, Reg No. 09281410, Registered Office: Eastcastle House, 27/28 Eastcastle Street, London, United Kingdom, W1W 8DH

© Uphold 2024. All Rights Reserved.

Uphold (FRN: 938277) is registered with the Financial Conduct Authority (FCA) for AML purposes and complies with the Money Laundering, Terrorist Financing and Transfer for Funds (Information on the Payer).

Uphold is also an EMD agent (FRN: 900577) of Optimus Cards UK Limited (FRN: 902034) which is authorised and regulated by the Financial Conduct Authority to issue e-money pursuant to the Electronic Money Regulations 2011.

The purchase, sale and custody of cryptoassets are regulated by the FCA for anti-money laundering purposes but this does not indicate any approval by the FCA of Uphold’s cryptoasset activities. Cryptoassets are very high risk and speculative.  When purchasing, selling and/or holding cryptoassets, you will not have access to the Financial Ombudsman Service (FOS) or the Financial Services Compensation Scheme (FSCS) if something goes wrong. You should be aware and prepared to potentially lose some or all of your money. You should carefully consider whether trading or holding cryptoassets is suitable for you in light of your financial circumstances.

Fiat money payments and balances (fiat is another name for traditional currencies, such as GBP, USD and EUR) constitute regulated e-money and payment services. In providing fiat balances, you are being issued with e-money by Optimus and Uphold is acting as its agent. See specific e-money terms. E-money is not a deposit or investment account which means that your e-money will not be protected by the FSCS. Your funds will be held in a designated safeguarding account with a regulated financial institution. E-money will not earn any interest.

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