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Today we’re delighted to announce that the Universal Protocol Token (UPT), the crypto industry’s first Mega Utility Token, is now available to buy on Uphold*.
UPT is the native utility token of the Universal Protocol Alliance, a coalition of some of the best-known blockchain companies who together empower an ecosystem of more than 10 million users. UP
Alliance members include: Uphold, Blockchain at Berkeley, CertiK and OmiseGO.
UPT holders will be able to use UPT as a staking mechanism to access better interest rates for cashback offers, and discounted trading rates on Uphold.
The Universal Protocol Alliance is designed to usher in the next billion users of crypto by making cryptocurrencies safer and more secure to own for mainstream users. The Alliance has already
launched the Universal Dollar and Universal Euro stablecoins and Universal Bitcoin – ERC-20 tokens on the Ethereum blockchain that create a better and safer way to own the underlying currencies.
UPT holders benefit from significantly enhanced rates and services from a range of UP Alliance members including:
Uphold – Holders of UPT will receive additional digital currency back with the launch of the Uphold debit card in January 2020 (up to an additional 1%) and will receive discounts on
all trades performed on Uphold from that date*. Founded in 2014, Uphold has over 1.5 million users around the world and has traded over $5.4 billion on its digital money platform and reserve
ledger.
OmiseGo – Holders of UPT will be able to pay fees using OmiseGO’s payment settlement technology. The leading layer 2 scalability solution for Ethereum supporting any type of tokenized asset
including UPT.
Blockchain at Berkeley – Holders of UPT and any UP Token can purchase goods, services and tickets for blockchain events at reduced prices. Blockchain at Berkeley is an academic organization at
the University of California, Berkeley, that provides educational resources, consultancy, and R&D to some of the biggest blockchain projects in the world.
CertiK – Holders of UPT and any UP Token will benefit from reduced code auditing fees when payment is made with UP tokens. Certik is a pioneer in blockchain security and auditing with over $5B in
assets secured, founded by Yale Department Chair of Computer Science Zhong Shao and Columbia University Assistant Professor Ronghui Gu.
Depositing funds from your paycheck into cryptocurrency just got easier with Uphold partner Cornerstone Global Management, LLC!
Today at the World Crypto Conference in Las Vegas, NV, Cornerstone Global Management, LLC (Cornerstone) announced its CP3 (Crypto Pay & Pension Plan) program, powered by Uphold. The new platform
will allow users to direct deposit any portion of their paycheck and automatically convert that allocation into cryptocurrencies.
Cornerstone is a service-oriented company created to provide awareness, education and viable products based around respectable and trusted cryptocurrencies. Its revolutionary CP3 program uses the
Uphold platform to convert and send a designated portion of a user’s paycheck to any wallet that holds Bitcoin, Litecoin or Ethereum.
“Uphold is the perfect partner for Cornerstone to begin its CP3 program. It will provide a new phase in ease of use for employees who want a portion of their pay automatically converted into
cryptocurrencies,” said David Schwartz, Founder, Cornerstone Global Management, LLC. “With Uphold’s platform and customer service, CP3 users will know they are in good hands.”
How it works
Using the Cornerstone app or website, users determine a percentage to withdraw from their paycheck and set allocations in Bitcoin, Litecoin and/or Ethereum. Once the percentage is set, that
portion of each paycheck is deposited via ACH and Cornerstone uses Uphold to power the underlying conversion of funds. The crypto is then deposited directly to the user’s designated wallet(s).
Cornerstone is providing its users with convenient access to diversify their paycheck by investing in cryptocurrency. We’re proud to be partnering with Cornerstone to power the conversion, making
crypto even more accessible to the masses!