San Francisco, CA – GoMining, a global Bitcoin ecosystem that helps people everywhere unlock Bitcoin’s full potential, has integrated Uphold’s Platform as a Service to power future growth and deliver a superior customer experience to its global community of five million users.
GoMining’s flagship digital mining product makes Bitcoin mining accessible to millions of mainstream consumers who can enjoy the benefits of Bitcoin rewards using its platform. Since launch, GoMining has added more features including Recurring Buys and Staking in a drive to widen participation in the Bitcoin economy.
In order to support its longer-term vision, GoMining needed to extend the functionality of its platform while ensuring that it remained compliant in key international jurisdictions. Rather than build out the required features and acquire the appropriate licenses itself, which would have taken several years, GoMining opted to integrate Uphold’s platform into its mobile and web applications.
Mark Zalan, CEO of GoMining, said: “GoMining has evolved beyond our original goal of democratising access to Bitcoin mining to become a platform that supports payments, education and other Bitcoin ecosystem products in one easy-to-use app. Partnering with Uphold’s battle-tested platform enables us to continue our sustainable global growth.”
As well as speed to market, other key factors in GoMining’s decision to integrate the Uphold platform were: its high approval rates for conventional payment card transactions; its geographical footprint with licenses in the US and the UK; and the ability to roll out further innovations as they become available on the Uphold platform.
Under the terms of the deal which will initially benefit US users, GoMining will connect via API to Uphold’s Platform-as-a-Service to fulfil a comprehensive set of workflows and processes that enable its customers to set up and fund accounts and to buy, sell and hold cryptocurrencies. Uphold will provide end-to-end management of operations, including compliance workflows (such as KYC and AML), fraud controls and custody.
GoMining will retain complete control over the customer relationship while Uphold fulfils these functions in the background. The integration will be seamless and invisible to GoMining’s customers who will access these capabilities without leaving GoMining’s familiar, branded interface.
Uphold integrates with more than 30 trading venues, including centralized and decentralized exchanges, which means that it polls the market for each transaction to optimise pricing and deliver superior liquidity for GoMining customers.
Robin O’Connell, CEO of Uphold Enterprise, commented: “We’re delighted to partner with GoMining as they plan the next steps in extending their reach and functionality. The Uphold service allows our enterprise customers to access a full range of tried-and-tested workflows and compliant digital asset services while retaining control of the customer relationship and user experience. Not only that, but as we continue to roll out a series of new services on our retail platform, GoMining has the opportunity to incorporate our latest innovations in its customer offering.”
About Uphold
Uphold, is a financial technology company that believes on-chain services are the future of finance. It provides modern infrastructure for on-chain payments, banking and investments. Offering Consumer Services, Business Services and Institutional Trading, Uphold makes financial services easy and trustworthy for millions of customers in more than 140 countries.
Uphold integrates with more than 30 trading venues, including centralized and decentralized exchanges, to deliver superior liquidity, resilience and optimal execution. Uphold never loans out customer assets, except at customer request, and is always 100% reserved.
The company pioneered radical transparency and uniquely publishes its assets and liabilities every 30 seconds on a public website (https://uphold.com/en-us/transparency).
Uphold is regulated in the U.S. by FinCen and State regulators; and is registered in the UK with the FCA and in Europe with the Bank of Portugal. Securities products and services are offered by Uphold Securities, Inc., a broker-dealer registered with the SEC and a member of FINRA and SIPC.
To learn more about Uphold’s products and services, visit uphold.com.
About GoMining
GoMining is an all-in-one Bitcoin ecosystem that makes it simple and secure to mine, earn, and use Bitcoin every day. GoMining serves 5 million users and ranks among the top-10 Bitcoin miners by hashrate globally, with data centers in the U.S. and internationally. The company makes Bitcoin accessible through tokenized hashrate, and an expanding suite of payment and earning products.
For more information, please visit https://gomining.com/
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