Uphold adding Bitcoin support to its new Vault wallet

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The Block2024/04/09 15:10

By:The Block

Quick Take Uphold’s new self-custody wallet Vault, which initially supported XRP token, is adding support for Bitcoin.

Uphold adding Bitcoin support to its new Vault wallet image 0

After launching a self-custody wallet at the end of last year, Uphold is now adding Bitcoin BTC -3.71% support, the company said in a statement.

"Many of us are familiar with the challenges users face in managing their bitcoin keys and
wallets,” said Uphold CEO Simon McLoughlin in a press statement. “As bitcoin ownership expands, the need for enhanced security combined with trading convenience becomes ever-more apparent."

When Uphold announced the new wallet , Vault, it initially supported the XRP +0.061% token. At the time of the launch, the company said it was first offering the wallet in beta, with a full rollout slated for sometime during the early part of this year.

Launched in 2015, Uphold serves over 10 million customers in more than 140 countries, according to the company.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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