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Many people from South American countries have never been interested in investing in crypto or in company stocks because they see their assets being diluted in commissions. This makes profitability ridiculously low.
They also encounter the barrier of minimum investment fees.
It is very difficult for an average citizen of underdeveloped countries in Latin America to have 400 - 500 USD just to be able to participate in the purchase of shares of a single company.
A few months ago I made a post where I highlighted some of the benefits of using Uphold.
Now, as a user of this wonderful platform, I feel very excited about this new and very important functionality that has been incorporated.
* As of June 25, 2020, Uphold began offering a novel service that allows you to buy top-tier US Equityfractions of shares with minimum stakes of $ 1, thus democratizing access to the largest trading market of the world.*
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Anything to Anything
It is the name of the service that allows you to exchange, directly and without commissions, crypto, fiat, and now top-tier American Equities.
By using the application for IOS and Andriod it is possible to acquire fractions of shares of more than 50 important American companies, among which stand out Google, Testa, Amazon, Apple, Nextflix, among others.
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And not only that, once you have the equities in your wallet, you can transfer them to your family and friends, or any other member of Uphold, directly and without commissions.
You can also sell them and receive fiat directly into your bank account in more than 40 countries.
Check out this short but amazing explanatory video:
Can you imagine being able to acquire Amazon equities and convert them directly into Google shares without the need to convert to USD? Or from Bitcoin to Tesla, a single operation?
Uphold allows you to store and exchange crypto and different types of Fiat.
Now with this new functionality, you can also acquire these equities of American companies using your stored crypto.
In the same way that you can exchange BTC and DASH, now you can acquire Tesla equities using your BAT or ETH tokens.
Conclusion
This functionality offered by Uphold opens a new window for the financial freedom of citizens of Latin countries who in the past have never had access to the American stock market.
It is very common among citizens of the United States to trade in this type of shares, but for reasons of minimum investment amounts and high cost of transaction fees, citizens of underdeveloped countries in South America had not been able to venture into this area of investment.
I recommend that you open your account at Uphold, the process is extremely fast, the KYC is very simple and the wallet is 100% secure.
Disclaimer: These are my personal opinions, I am not an investment advisor nor a representative of the Uphold company. The consequences of the actions you address will be under your full responsibility.
More Information & Resources:
https://uphold.com/
https://uphold.com/en/help/faq-support
https://twitter.com/UpholdInc
@juanmolina
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Awesome and solid read. It is important that the bottlenecks to digital assets holdings be reduced by seeking out for ways to eliminate unnecessary fees through third-party operations. I wish many can leverage the opportunities.
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Thanks for comment, dear fried @uyobong, and I also hope you try it.
Thanks for sharing this informative post. This is a great feature from Uphold and as you say, makes the entry into the market much easier.
You're welcome.
I hope you try it and it will be beneficial to you.
I've already checked it out. Thanks for the info.
I never knew of this uphold I must say
I recommend it to you.
Upvoted 👌 (Mana: 14/21)