Exclusive: Uphold CEO Robin O’Connell Reveals Crypto’s Impact in Developing Nations
In a recent interview with Cryptonews correspondent Matt Zahab at the Consensus 2024 conference in Austin, Texas, Uphold CEO Robin O’Connell discussed the growing importance of cryptocurrency in regions with weaker local currencies.
Uphold, a key player in the crypto space since 2014, has expanded its offerings through Uphold Enterprise, with their latest product, Topper, serving as a bridge for self-custodial wallets, decentralized exchanges, and DeFi projects. Topper simplifies the process of buying and selling crypto by handling necessary procedures like KYC and bank connectivity.
O’Connell emphasized the significant impact of crypto adoption in emerging countries, where local currencies struggle. Uphold Enterprise, in partnership with Topper, aims to empower individuals in these regions by providing access and onboarding solutions.
The CEO hinted at an upcoming announcement regarding Uphold’s expansion into a new region, making it easier for users to buy crypto directly through their bank’s payment rails. These expansions align with Uphold’s mission to provide more options for individuals to participate in the Web3 economy.
Looking ahead, O’Connell expressed excitement about the future of digital finance, noting the energy and multitude of ideas showcased at the Consensus conference. With the increased real-world adoption of stablecoins and cross-border remittance, O’Connell stressed the importance of regulation.
Earlier this year, Uphold warned customers about phishing scams posing as the company, highlighting the need for caution in the crypto space.
Cryptonews reporters Rachel Wolfson and Matt Zahab provided live coverage from Consensus 2024, interviewing industry leaders, pioneers, and analysts to bring the latest updates from one of the biggest crypto events globally. Follow us on Google News for more from Consensus 2024.
