Cloud money platform Uphold has partnered with Bittrex allowing real-time market pricing for its members to convert Voxel, Litecoin and Ethereum into a wide range of fiat currencies, including the US dollar, euro, Chinese yuan, Indian rupee, Japanese yen and British pound, as well as precious metals, including gold and silver. Uphold already has a long-standing integration with the global bitcoin exchange, Bitstamp.
“We are proud to provide the widest array of options to buy, hold, trade and convert seamlessly among multiple asset classes and soon these additional cryptocurrencies,” said Anthony Watson, president and CEO of Uphold.
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Voxelus Uphold Connection
Uphold was the first company to partner with Voxelus in the creation of its Voxel cryptocurrency (VOX). Uphold developed the VOX digital wallet and other back-end financial integration to power the Voxelus Marketplace, the Virtual Reality (VR) content store. In return for developing the VOX digital wallet, Uphold took a percentage of the Voxelus pre-mined float.
In the Voxel crowdsale, which took place in 2015 and raised $500,000 to help build the Voxelus marketplace, both Voxelus and Uphold agreed that neither would ever sell its owned coins at a price below the final crowdsale price of 0.001536 BTC. Given that all Voxel trades on Uphold currently go through Bittrex, Uphold management clarifies that any market price below the final crowdsale price, at any time and for all time, does not include any coins owned by Uphold nor Voxelus.
“We are a highly regulated institution,” said Watson, “and we have to play by certain rules. We have stated, and we reiterate today, that neither Uphold nor Voxelus will sell any Voxels it owns – which constitute the vast majority of Voxels in existence – at below the final crowdsale price of 1/650 BTC – ever. Uphold has not sold any Voxels whatsoever, even when the Voxel initially traded well above the crowdsale price, and we have no intention of selling any Voxels for the foreseeable future. We believe in and support the long-term vision of Voxelus, its unique and compelling VR content creation platform and their cryptocurrency the Voxel. We strongly believe the VOX is significantly undervalued and believe others will see why when Voxelus fully launches their marketplace in the next few weeks. We’re very excited about the whole project.”