For the first time ever, we are able to offer our customers the ability to earn interest on a digitized version of the world’s leading precious metal. Universal Gold (UPXAU) is spendable on an Uphold debit card. Uphold makes the token free to hold, accessible, and affordable for virtually anyone with internet access.
Physical gold is appealing because it has many attributes, acting as a preserver of wealth, a portfolio diversifier, a reserve currency, and an industrial commodity. However, gold is costly to trade, challenging to transfer, and not easily accessible for people in many parts of the world.
The dollar’s value is down significantly amidst record levels of economic relief spending; this volatility has put forth some key takeaways in regards to the financial market. One of which being investors are flocking to cash and precious metals such as gold to protect their capital. Uphold offers an accessible, digitized version of this universal asset.
Earning interest on UPXAU through CredEarn on Uphold
The Universal Protocol Alliance’s Universal Gold project has been in the works for quite some time. In searching for an optimal gold solution, Uphold teamed up with the Universal Protocol Alliance, the issuer behind UPXAU. As a coalition of leading cryptocurrency companies, the UP Alliance works to bring decentralized ledger technology mainstream, and serve as a universal method of transferring value over the internet. In addition to UPXAU, the UP Alliance successfully issued the Universal Dollar (UPUSD), Universal Bitcoin (UPBTC), and Universal Euro (UPEUR).
Additional partners behind UPXAU include the Perth Mint, the Gold Corporation’s trading name, an entity owned by the Government of Western Australia, and the largest refiner of newly-minted gold. And InfiniGold, a leading precious metal digitization company helping to bring UPXAU to a worldwide market. Uphold confirms that UPXAU is an ERC-20 gold token and that each token represents one troy oz (31.10348 grams) of pure physical gold held at the Perth Mint.
Uphold states that, since the creation of cryptocurrencies, there have been many attempts to digitize gold, none of which have combined all the properties of UPXAU:
- Redeemable for physical gold
- Zero storage and management fees
- No transfer fees
- Instant settlement
The opportunity to earn on your UPXAU comes at an exciting time as we recently launched our compound interest feature on all digital assets we accept, including UPXAU. New enrollments on our partner platforms have the opportunity to earn on their principal interest, plus the interest accumulated daily over a six-month period.
How to Earn on UPXAU
Cred allows you to earn on UPXAU, and the process is as easy as click, pledge, earn. If you hold the former gold offering (XAU) with Cred, when you redeem your investment, you will receive UPXAU instead.
Below are the simple steps you can take to start earning:
- Visit the Cred dashboard through Uphold.
- Click Start Earning under your potential CredEarn.
- Receive monthly interest in USD, stablecoin or crypto
- If you are a new enrollment and opt for compounded interest, you will receive your USD, stablecoin, or crypto interest at the end of program maturity.
Why Earn with Cred?
Here at Cred, we continue to push financial innovations while navigating the complicated lending, borrowing, capital markets, and merchant services needs of our community. From the very beginning, we have worked with our partners to offer our financial services to customers while keeping data and security measures top of mind.
Our value comes not only from our work through our partners but also from our remarkable team. The Cred team houses of top talent from eBay, PayPal, Bryan Cave, and hedge funds. Our team’s skills have been tried, tested, and prevailed through situations like the 2008 global financial crisis. They have resulted in a wealth of experience at successfully moving financial companies forward during uncertain times.
Interested In Earning On Your UPXAU?