Bitcoin

The Chilean platform enables investments in specific companies with cryptocurrencies

Thanks to an alliance between Uppercap and Cryptomarket, a network of 70,000 users in Chile and almost 300,000 worldwide can participate in the Chilean innovation market. This was reported to Cointelegraph in Spanish through a statement.

Uppercap is a Chilean crowdfunding platform that was founded in 2019 and announced the launch of a digital experience that allows you to invest in the projects available on the platform by paying in Chilean pesos and cryptocurrencies.

“”This new way of investing is possible thanks to the integration of Uppercap into Cryptomarket, a platform for buying and selling cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Stellar Lumens (XLM) and EOS”, You detailed in the statement.

The Chilean platform enables investments in specific companies with cryptocurrencies
The Chilean platform enables investments in specific companies with cryptocurrencies

“Cryptocurrencies are virtual or digital currencies intended to serve as a medium of exchange. This new way of investing is possible thanks to automatic conversion into Chilean pesos according to the exchange rate at the time of the transaction,” they later added.

Martín Jofré, CEO of Uppercap, said:

“Those who have cryptocurrencies can, thanks to our low commissions, diversify their investment portfolios and select projects in order to later access their actual profitability. In fact, the cost of the commission for paying with cryptocurrencies is a third cheaper than traditional media fees.”

Jofré also pointed out a new option for cryptocurrency owners:

“Often times people don’t know what to do with them because there isn’t enough market to take advantage of them and only a few companies accept them as payment. This integration opens up the possibility of investing in real projects. “

About uppercap

Uppercap is a crowdfunding platform that was developed by members of Biwiser and Cryptomarket to enable digital investments without having to count on large sums of money.

The private investment joins that of other investors in order to collectively raise the required amount in the form of crowdfunding. If the goal is not met, the person will simply get back the amount they originally invested.

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