Uphold is a relatively new online service that lets users hold, transfer, and exchange a large number of currencies, cryptocurrencies, and precious metals. The service allows users to send money to people in more than 150 countries around the world, and transfers between Uphold’s own users are free of charge. Uphold markets itself as different from a bank in that it holds 100% of the customers’ deposits in its reserves at any given time.
Although not yet widespread, some CFD & forex brokers accept payments via Uphold as an option for funding trading accounts. In the cases where it can be done, this represents an attractive option for existing Uphold users and others who wants a cheap and efficient way of transferring money.