Uphold Partners Bitwage to Enable Ether Payroll

June 1, 2016 22:34 UTC

Starting today, digital assets exchange Uphold has enabled Ether — the token value of the Ethereum blockchain – trading on its platform after including the second largest cryptocurrency behind bitcoin in its stable of supported digital assets. Furthermore, a partnership with payroll service startup Bitwage will allow users to receive their wages in Ether.

With an announcement today, digital currency exchange Uphold has included Ether among the currencies supported by the platform. Users can now buy or convert fiat currencies (USD, EUR and GBP) or other digital currencies, including Bitcoin, to Ether. With its inclusion, Ether is now among 30 other currencies supported by the platform.

The exchange first revealed plans to support Ethereum and Litecoin on its platform in March 2016.

There will be no fees to hold Ether or send the cryptocurrency to anyone with an email or an Uphold account, up to $1,000 every month. Beyond the first $1,000 in exchange every month, a 0.95% fee is applied to all exchanges.

As things stand, Uphold is the only platform that enables the free convertibility of Bitcoin, Litecoin and Ethereum.

Payroll in Ether

In addition to launching Ether trading, Uphold also unveiled a new tie-up with payroll payment service Bitwage, a startup that facilitates users obtain wages in bitcoin, local currencies or commodities. The partnership will offer users the option to obtain payroll payments in Ether, with no bank account information nor employer sign up necessary.

In statements, Bitwage CEO John Lindsay said:

Bitwage is excited to leverage Uphold’s support for Ether. Together, we make purchasing Ether simple and easy for you and your employer, and allows you to accrue smaller amounts (or larger, if you prefer) each pay period, continuing to build up the value you wish to hold.

Uphold joins other digital currency exchanges like Coinbase and CEX.io in adding support for Ether in recent weeks following the meteoric rise of Ethereum in the cryptocurrency landscape.

Featured image from Shutterstock.

@sambdas

Samburaj is the Editor for CCN, among the earliest and foremost publications covering financial and blockchain news. He has authored over 2,000 articles for CCN. Email him samburaj(@)ccn.com or find him barely tweeting @sambdas

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