Uphold: Transforming Money Accessibility

Published on
January 20th, 2021
Duration
43 minutes


Uphold: Transforming Money Accessibility

The Interview - Crypto ·
Featuring JuanPablo Thieriot and Santiago Velez

Published on: January 20th, 2021 • Duration: 43 minutes

JuanPablo Thieriot, CEO of Uphold inc., joins Santiago Velez, co-founder and R&D division lead for Block Digital, to discuss Uphold, the future of crypto, and digital identity. Thieriot explains that Uphold enables “anything to anything” trading, but that they are closer to being a brokerage than an exchange. He describes Uphold as being connected to many exchanges, but not actually matching trades or order books. As the crypto ecosystem grows there will be a greater need for interoperability between networks, and Uphold allows users to receive payments in any asset, providing interoperability for its users. Thieriot touches on the importance of digital identity and how this will likely have a dramatic impact on the future of crypto, enabling users to interact directly with accounts with different rules and regulations by proving their identity on-chain. Filmed on January 15, 2021.

Key Learnings: The dramatic growth of crypto and new digital assets creates an increasing need for interoperability between networks. Digital identity is a critical component to the next stage of growth for crypto networks as it opens up many more use cases, such as making crypto interoperable between banks and various jurisdictions.

Comments

Transcript

  • PS
    Paul S.
    24 January 2021 @ 11:23
    Their fees to withdraw bitcoin are ridiculous.. £7 to send £43
  • DW
    Dean W.
    22 January 2021 @ 02:49
    Very interesting interview and business. Their website says 0 trading commissions, 0 withdrawal fees, 0 deposit fees. So they make money on the spread?
    • MN
      MYLENE N.
      23 January 2021 @ 05:43
      Yes and the spread is reasonable unlike eToro
  • tn
    tony n.
    23 January 2021 @ 03:30
    Pity he didn't mention Cred!
  • CB
    Corey B.
    21 January 2021 @ 15:35
    The comment about them not being an exchange but more of a brokerage was mindboggling.
  • CB
    Corey B.
    21 January 2021 @ 15:32
    Uphold needs to strengthen its funding instructions for those that are not able to connect their bank account to their site.
  • JV
    Jerry V.
    21 January 2021 @ 11:41
    Very insightful interview - Anything 2 Anything is a game changer for me as a customer of Uphold. And the direction and forward thinking of technologies such as global.id will reduce friction in the process of identification. Bravo Santiago & RV - Pura Vida
  • MN
    Mischa N.
    20 January 2021 @ 17:45
    Hobestly, Uphold has some great ideas behind it, but I can't recommend it. I've been killed on their spreads so often. Their real exchange prices are very, very poor compared to market rates. This is also made worse by the aggressive "no commission" narrative they push, which is in my opinion highly misleading. I don't think they should operate in this way at all. Transparency is essential to trust.
    • ML
      Michael L.
      21 January 2021 @ 06:20
      Valid point, and a criticism that Uphold should take on board. But, if their messaging is improved, and if transparency / trust can be maintained (restored?), this is a very futuristic vision and the roadmap / execution is impressive. Took me a while to figure out what Uphold actually does, so this interview was very helpful.
  • SM
    S M.
    20 January 2021 @ 22:01
    Wondering if they are planning to go IPO?🤔