What Is Uphold?
Uphold is a leading digital payment platform that has more than 2.25 million customers. The company has recently launched a series of investment options to its customers. It offers hassle-free payments and investment options to both, individuals and businesses. Thus, it provides easy access to global cryptocurrencies and metals, equities, and more!
Affordable U.S. Equities For Latin Americans
Uphold, a crypto payment platform has introduced a new service to its users. According to this service, crypto holders can now own a fraction of shares in the leading companies. This service is only available to the Latin Americans as of now but it has a huge scope.
Unlike before it is now easier for crypto holders in Latin America to invest in the leading companies like Tesla, Google, and Amazon. The minimum investment is as little as 10,000 Satoshis.
Uphold supports multiple cryptocurrencies and once you are registered with the website, you’ll be able to pay in Bitcoin as well. By using Uphold’s uninterrupted service anyone can buy a stake in some of the leading companies like Apple, Google, Amazon, Tesla, Google and more!
What Is The Purpose Of Uphold Behind Launching This Service?
For many years, the U.S. equities have been a reliable source of income for a majority of people in the country. But this source was not available to the other countries. It was just a dream to most of the Latin Americans to buy stakes in renowned companies. It was either too expensive or was not available at all.
One share of Amazon costs $2,400, which is a huge sum for someone who earns approx. $3,000 a month. But Uphold has made it possible for everyone whose income is less but financial plans are high.
In a press release by Uphold, the company confirmed that they want to make it affordable to Latin natives. For a little amount of 10,000 Satoshis, anyone can invest in the company of their choice.
It is an equities service specifically designed for Latin America. It is the most hassle-free option to access the U.S. equities for the first time in history. There is no minimum investment and no hidden charges in addition to the investment.
Latin people can buy a fraction of expensive stocks without paying a huge amount of cryptocurrency. It gives easy access to the world’s largest equities market at a fraction of the cost.
Features of Uphold U.S. Equities
- The number 1 and probably the most attractive feature of this new service by Uphold is the affordability. People in Latin America can invest as little as $1 in a valuable company such as Google, Amazon, and Facebook.
- There is no commission to trade on the platform. The commission-free model of Uphold eliminates any extra cost and hidden charges. While other platforms are charging dormancy charges, forex fees, and account maintenance, anyone can get relief from these extra charges while using Uphold.
- It is the easiest way to trade in U.S. equities.
- Another feature which makes Uphold a unique platform is convenient while shifting from one company to another. For example, you can shift from Google to Amazon in one simple step without prior USD conversion. The platform allows to trade in more than 100 cryptocurrencies, equities, metals, and currencies. It will require a single trade to be shifted into another company while other platforms may require two trades in this case. Other platforms, on the other hand, consumes so much time and money in conversion. But on Uphold, anyone can go from Bitcoin to Amazon in one trade.
Latin American customers of Uphold are using the platform for saving their money to stay protected from the constant devaluation of the currency. The new feature that allows them to trade in U.S. equities can become a huge source to invest at an affordable option. Since the U.S. equity is still one of the most viable option to invest even during the global pandemic.