Uphold Inc., a leading digital money platform developer from San Francisco, California, serving nearly 5 million customers in more than 150 countries, announced on Tuesday (2/2) that it has acquired Optimus Cards UK Limited.
Optimus Cards UK is a debit and credit card issuing company for the UK and European markets that also supports the payment platforms for Apple Pay, Google Pay, contactless cards and more.
“We are delighted to have acquired an issuer with such a technically-sophisticated platform and a fully licensed Electronic Money Institution,” said JP Thieriot, CEO of Uphold, in his official announcement. Unfortunately, the value of its acquisition is not disclosed to the public.
The acquisition of the Optimus Cards UK will allow Uphold to issue multi-asset debit cards that support crypto for the UK and European markets. According to Thieriot, the plan will be realized from April and will be the world’s first crypto-enabled multi-asset debit card.
“The combination of Optimus technology forwarding card platform and the unique multi-asset wallet from Uphold will create a compelling product,” said Thieriot. So, later customers in Europe will be able to receive part or all of their salary in Bitcoin, then spend it using Uphold cards issued through Optimus Cards.