Digital currency exchange platform Uphold announced its alliance with the Linqto investment platform. In this way, accredited investors from Latin American countries can acquire shares in private technology companies with Bitcoin, XRP, BAT and many other cryptocurrencies or national currencies.. This was reported to Cointelegraph in Spanish through a statement.
“This alliance gives access to around 50 million accredited investors worldwide, who are generally excluded from the private equity market. This way, they can access a very simple investment process that supports 27 national currencies and 36 types of cryptocurrencies, ”said Uphold.
Linqto has been working with Uphold in stealth mode since August. For example, accredited investors have already used their XRP to purchase shares in Ripple Labs.
Juan Pablo Thieriot, CEO and Co-Founder of Uphold, commented:
“Our collaboration with Linqto is a huge step in Uphold’s mission to democratize access to different types of assets that are often difficult to obtain.”
Then he added:
“Access to private capital in emerging technology companies is very difficult today. Traditionally, these stocks remain in the hands of a very small number of people (venture capital companies, founders, and the first few employees) until the company goes public or is sold. “
Thanks to this integration, a user in Latin America who is an accredited investor and, for example, owns XRP, can invest in Ripple, the parent company, and support the ecosystem. In fact, you can convert your XRP to Ripple stocks in a single trade. Conversion to USD is automatic when sending money from Uphold to Linqto, and the spreads between fiat currencies are just 0.2%.
San Francisco-based Linqto is a web and mobile platform that enables accredited investors to buy shares in some of the world’s largest private “unicorns”. The company seeks to make private equity more accessible in the same way that Schwab and Fidelity democratized stock trading.
Bill Sarris, CEO of Linqto, also commented on the alliance, saying:
“As we continue to work to make private markets more accessible to accredited investors worldwide, I can’t think of a better partner than Uphold.”
And I add:
“Uphold is a leader in global money transfer. From gold to bitcoin to reals and euros, Linqto customers in Latin America can now use their preferred currency to invest in private securities. “
Uphold is a digital money exchange platform with three million customers worldwide. It provides investment services and payment solutions to both consumers and businesses.
The Silicon Valley company uses blockchain technology and provides access to cryptocurrencies, local currencies, precious metals, performance / credit products, stocks and debit cards for multiple assets.
Users can exchange or send money to virtually anyone in different parts of the world.
Uphold brings together different asset classes that are compatible with a common digital language.
“Any asset can be directly traded with any other asset in a single operation, making the experience simple and intuitive. The “anything-to-anything” architecture eliminates unnecessary fees and complexity compared to platforms that process currencies in pairs, ”the statement said.
Companies use Uphold to pay people in different parts of the world or to accept customer payments in cryptocurrencies and automatically convert them to national currencies.
Accounts can be financed via seven crypto networks, bank connections in around 40 countries, as well as debit and credit cards. The platform offers 50 US stocks, 27 fiat currencies, 30 digital currencies and four precious metals. Uphold is available through web, iOS and Android apps.
Linqto presents itself as a company that facilitates access to global private equity markets. The web and mobile platforms allow accredited investors to identify, value, invest and trade in securities in the world’s leading private companies.
Linqto also provides liquidity to founders, venture capitalists and employees without having to wait for an IPO, acquisition or other liquidity event.
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