SAN FRANCISCO and LONDON,
and BRAGA, Portugal, Nov. 16, 2017 /PRNewswire/ -- Uphold, a
leading digital money company, today announced that Heleum has
built a new multi-currency trading application that runs on the
Uphold platform via its open API. The web app continuously monitors
exchange rates across the nine most traded national currencies and
three top cryptocurrencies (Bitcoin, Litecoin, and Ethereum),
moving funds instantly and automatically when rates are the most
advantageous. Members from 174+ countries can start saving
long-term with as little as $5.
Heleum has disclosed that they enabled over 400 users to trade
automatically via the Uphold platform, generating average returns
of 21% during their six-month closed beta. Heleum currently has
over 900 users and $750,000 in total
balances. Each user's individual Heleum balance held within their
Uphold account is launched gradually in portions called
'balloons'.
For example: a user's Heleum 'balloon' launches with
$10.00. Seeing an opportunity for
gain, it instantly converts to Ethereum. Over the next few months,
the balloon can make several automated moves between various
currencies before finally 'popping' and returning their initial
investment plus gains to their Heleum USD balance in Uphold. Each
trade is automatically triggered by Heleum's algorithm, which scans
all available currencies for trading opportunities.
"Heleum helps grow your money by directing your funds to float
systematically between currencies. We would not have been able to
launch this app without access to the Uphold platform, which takes
care of all the compliance and security issues associated with
moving across digital currencies to enable perfectly executed
trades," said Pace Ellsworth, Heleum CEO.
The app is built on top of Uphold's API, leveraging the Uphold
platform to power low-cost algorithmic trading activity across a
wide range of currencies. Uphold also handles regulatory compliance
for partner apps and provides unparalleled security and speed.
"The partnership with Heleum provides Uphold members with yet
another powerful and accessible app within the Uphold ecosystem.
The app trades between a selection of our supported currencies to
provide our members with consumer-friendly, hands-off investing,"
said Robin O'Connell, Chief Revenue
Officer of Uphold. "Heleum is a wonderful example of the potential
that our open API offers. We have a number of exciting partners in
the pipeline and look forward to a very busy few months!"
Heleum was created in 2015 by brothers Pace and Taylor Ellsworth in Mesa Arizona, in partnership with their
colleague Dan Pratt. They developed
a currency trading strategy based on mesh networks that reduces
friction while increasing potential returns. Heleum's vision is to
develop a suite of financial apps for the average consumer that
removes the need for any trading, programming, or cryptocurrency
experience.
Heleum is celebrating their web app launch with a promotion
running through November 22nd. Any
user who signs up during the promotional period will get an instant
and permanent boost to balloon gains and the opportunity to
eliminate all Heleum fees by referring other users to the app. The
free web app is available from the Heleum website. iOS and Android
apps are currently in development.
About Uphold
Uphold is the creator of an innovative
digital money platform that lets you instantly and safely access
traditional currencies, cryptocurrencies, and other investments all
in one place. Uphold has powered over $1.7
billion in transactions across 174 countries, in 30
supported currencies and four commodities. The Uphold platform
provides access to the widest range of currencies and investments
available in one place, with unparalleled transparency and
security. Uphold is the only company to publish real-time reserve
holdings, guaranteeing that its members are provided with the
necessary information to make informed decisions. Uphold is a
venture-backed company with global operations across: Braga,
London, Los Angeles, Mexico
City, and San Francisco. To
learn more, visit www.uphold.com, or follow us on Twitter, Facebook
and LinkedIn.
About Heleum
Heleum is the creator of automated
consumer finance apps. Their first app utilizes Uphold's platform
to automatically move user funds between multiple currencies,
resulting in long-term gains relative to the user's base currency.
Heleum's fees are derived from a portion of the gains that a user
makes. Development started in 2015 and Heleum has already helped
hundreds of users initiate thousands of automated transactions,
resulting in tens of thousands of dollars in gains. Heleum is based
in Mesa, AZ. To learn more, visit
www.heleum.com, or follow us on Twitter and Facebook @heleumapp.
Heleum is not a financial management company and is not
FDIC-insured.
Media contact:
Andrea
Heuer
Consort Partners for Uphold
uphold@consortpartners.com
C: 917-886-5113
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SOURCE Uphold