![]() “Uphold is dedicated to providing easier access and onramps to transformative digital currencies that will improve the virtual economy and VCOIN is an exceptional digital currency that fits this bill,” said Uphold Chief Revenue Officer, Robin O’Connell. Securities and Exchange Commission (SEC), enabling IMVU to sell VCOIN as a transferable non-security, thus unlocking its full potential to power peer-to-peer transactions and enable users to earn and convert VCOIN to real money for the real world. IMVU received only the third crypto-centric no-action relief from the Staff of the U.S. VCOIN initially launched in IMVU, the leading friend discovery metaverse and social app, with a digital economy that facilitates 27 million transactions and 14 billion credits changing hands each month. VCOIN holders can also quickly access VCOIN as soon as it is in their Uphold wallet, with no transfer wait times or hidden fees. ![]() For every purchase both online and in store, cardholders will earn 2% cashback into their Uphold Account. Digital-only debit cards are free to order and use through the Uphold Card app. To receive a physical debit card, there is a one-time fee of $9.95 USD. Once downloaded, users can connect their Uphold Account to the app and order a card. To sign up for the Uphold debit card, users must have or create an Uphold account and then download the Uphold Card app. “Partnering with Uphold on a debit card makes this promise even more frictionless and accessible, creating a practical means by which metaverse users can earn digital currency that holds real-world value to use in the real world.” “The ability to earn VCOIN in the metaverse and quickly access that value in the real world has been behind the premise of VCOIN,” said Nancy Beaton, VP of Strategy at VCOIN. To obtain a card, users can visit /debit-card/. This new offering expands VCOIN’s utility for holders and makes it even easier for earners of VCOIN to spend its value in real life. The partnership will allow US-based IMVU users to withdraw their VCOIN earnings into their Uphold account and, for the first time, spend it via an Uphold Debit Card accepted at over 50 million retailers and ATMs, while earning 2% cashback on every transaction. REDWOOD CITY, CA, J(GLOBE NEWSWIRE) - (via Blockchain Wire) –– VCOIN, the first transferable digital currency designed for the metaverse, teamed up with Uphold, a digital wallet and trading platform that makes cryptocurrencies and other assets easily accessible, to launch a debit card that allows users to earn real in-game value and spend it on real-life transactions. ![]()
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