- GoMining’s flagship digital mining solution makes Bitcoin mining accessible to millions of mainstream users, allowing anyone to take advantage of the advantages of Bitcoin rewards via the use of its platform.
- GoMining made the decision to incorporate Uphold’s platform into its mobile and online apps rather than building the necessary features and acquiring the proper licenses on its own, which would have taken many years.
GoMining, a worldwide Bitcoin ecosystem that assists individuals all over the world in unlocking Bitcoin’s full potential, has integrated Uphold’s Platform as a Service in order to enable future development and provide a better customer experience to its global community of five million members.
GoMining’s flagship digital mining solution makes Bitcoin mining accessible to millions of mainstream users, allowing anyone to take advantage of the advantages of Bitcoin rewards via the use of its platform. GoMining has expanded its functionality since its introduction, adding new tools like as Staking and Recurring Buys, with the goal of increasing the number of people that participate in the Bitcoin economy.
In order for GoMining to meet its longer-term objective, it was necessary for the company to expand the capabilities of its platform while also ensuring that it remained compliant in the most important foreign jurisdictions. GoMining made the decision to incorporate Uphold’s platform into its mobile and online apps rather than building the necessary features and acquiring the proper licenses on its own, which would have taken many years.
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.”
GoMining’s decision to integrate the Uphold platform was influenced by a number of factors, including its high approval rates for conventional payment card transactions, its geographical footprint with licenses in the United States and the United Kingdom, and its ability to roll out additional innovations as they become available on the Uphold platform. In addition to how quickly the platform could be brought to market, these were also important considerations.
According to the terms of the agreement, which will initially be beneficial to users in the United States, GoMining will connect via API to Uphold’s Platform-as-a-Service in order to fulfill a full set of workflows and procedures that allow its clients to create and fund accounts, as well as purchase, sell, and hold cryptocurrencies.
Uphold will be responsible for providing end-to-end management of operations, which will include compliance procedures (such as KYC and AML), fraud controls, and custody.
While Uphold is responsible for carrying out these duties in the background, GoMining will continue to have full control over the ongoing integration with the client. Moreover, clients that use GoMining will be able to use these features without having to leave the familiar, branded experience that GoMining provides. The integration will be smooth and invisible to GoMining’s clients.
Uphold interacts with over thirty different trading venues, which includes both centralized and decentralized exchanges. This means that it polls the market for each transaction in order to optimize price and provide improved liquidity for GoMining users.
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.”
The financial technology firm Uphold is of the opinion that on-chain services are the way of the future in the financial industry. By providing a contemporary architecture, it enables on-chain banking, investing, and payment transactions. Through the provision of Consumer Services, Business Services, and Institutional Trading, Uphold makes it possible for millions of consumers who are located in more than 140 countries to get trustworthy and convenient financial services.
In order to provide greater liquidity, resilience, and optimum execution, Uphold interfaces with over thirty different trading venues, which include both centralized and decentralized exchanges. No client assets are ever loaned out by Uphold, unless the customer specifically requests it, and Uphold is always 100% reserved.
Using a public website (https://uphold.com/en-us/transparency), the firm is a pioneer in the field of radical transparency. It reveals its assets and liabilities on a public website every thirty seconds.
In addition to being registered with the Financial Conduct Authority (FCA) in the United Kingdom and the Bank of Portugal in Europe, Uphold is regulated in the United States by FinCen and state regulators. As a broker-dealer that is registered with the Securities and Exchange Commission (SEC) and a member of both FINRA and SIPC, Uphold Securities, Inc. provides a variety of securities products and services. Visit the website uphold.com to get further information on the products and services being offered by Uphold.
Mine, earn, and use Bitcoin on a daily basis is made easy and safe with GoMining, which is an all-in-one Bitcoin ecosystem that simplifies and secures the process. With data centers located both in the United States and worldwide, GoMining is a Bitcoin mining company that serves 5 million customers and is among the top 10 miners in the world based on hashrate. Through the use of tokenized hashrate and an increasing range of payment and earning solutions, the firm makes Bitcoin accessible to users across the world. For further details, kindly visit the website located at https://gomining.com/.
