Key Points
- Uphold is adding Bitcoin support to its self-custody Vault wallet.
- The Vault wallet initially supported the XRP token, with Bitcoin being the latest addition.
Uphold, after introducing a self-custody wallet at the end of the previous year, is now incorporating support for Bitcoin (BTC).
The firm made this announcement through an official statement.
The Need for Enhanced Security
Uphold's CEO, Simon McLoughlin, stated that with the increasing number of Bitcoin owners, the demand for improved security and convenient trading is becoming more evident.
He acknowledged the difficulties users often encounter when managing their Bitcoin keys and wallets.
The Vault Wallet
When the Vault wallet was first introduced, it primarily supported the XRP token.
Uphold initially launched the wallet in beta, with plans for a full release during the early part of the current year.
Since its inception in 2015, Uphold has catered to over 10 million customers across more than 140 countries.
