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Uphold adds more P2P funding options

This is the second phase of the company's global rollout, following the recent rollout of similar functionality in Europe announced in October.

Uphold, which calls itself a cloud-money money platform, Monday launched the ability for U.S. members to fund their Uphold accounts by linking their bank accounts, debit or credit cards, in addition to bitcoin.

This is the second phase of the company's global rollout, following the recent rollout of similar functionality in Europe announced in October, according to a press release. 

Previously, members needed bitcoin to fund Uphold accounts in the U.S. As of today, members can use their bank accounts, debit or credit cards to send funds to Uphold accounts or back to their bank accounts. Uphold now offers even more ways to move, convert, hold and transact in 24 currencies and four commodities instantly, securely and for free, according to the announcement.

"The launch of ACH is an important stepping stone in Uphold's path to bringing accessible, equitable, fair and free financial services to anyone, anywhere," said Anthony Watson, Uphold president and CEO. "Our members deserve a better way to access their hard earned money, faster and without unnecessary fees. Whether saving on checking fees, sending money abroad to family and friends, or handling international business transactions, Uphold is faster and cheaper than traditional services -- and entirely more transparent. We are changing the status quo of financial services."

In the coming weeks, Uphold said it plans to roll out similar functionality across India and China (limited beta), as well as other capabilities, including Visa, MasterCard and Discover digital and physical cards.