Digital money platform Uphold has acquired Optimus Cards UK, which works in debit and credit card issuing in the U.K. and Europe, according to a press release.
Optimus is an electric money institution and regulated by the Financial Conduct Authority (FCA). It serves customers in the FinTech and credit union (CU) sectors, the release stated.
Uphold works to democratize investments via opening up access to traditionally inaccessible modes of finance like crypto, precious metals, U.S. equities or carbon credits, according to the release.
JP Thieriot, CEO of Uphold, said in the release that the goal is “to issue multi-asset, crypto-enabled debit cards across the U.K. and Europe.”