Crypto Users Can Now Buy Fractional Shares in Google, Tesla & More

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

By MICHAEL KAPILKOV

A new service from Uphold allows crypto holders in Latin America to invest in Amazon, Google or Tesla for as little as 10,000 Satoshis.

On Thursday, Uphold announced that they will allow users in Latin America to use cryptocurrency to acquire fractional ownership of the world’s leading companies.

Uphold supports dozens of cryptocurrencies, including Bitcoin (BTC). In theory, its users could acquire a stake in AmazonAppleGoogle or Tesla for as little as 10,000 Satoshis.

Making U.S. equities affordable to Latin America

According to the company’s press release, the new service makes equity investments affordable for millions of people in the region:

“Uphold, the leading digital money platform, today launches a groundbreaking equities service that gives millions of people in Latin America easy and affordable access to U.S. stocks for the first time.”

Wealth preservation

The company believes that for many countries in Latin America, inflation debases the little savings that the locals make. Uphold CEO J. P. Thieriot said that if locals had access to this kind of service back in 2010, they would have been able to preserve their wealth much better:

“If you’d put $1,000 in Uphold’s basket of 50 U.S. stocks in June 2010, today your investment would be worth around $5,785 compared with just $337 if you’d left your money in Brazilian Reals; $50 in Argentinian Pesos; or shockingly less than a penny in Venezuelan Bolivars.”

The press release states that there are no trading fees and the minimum investment is $1.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

Never miss any important news. Subscribe to our newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

Enter email to receive ANR News articles, 2 free e-books, plus the Global Health Organisation Report

Donate Now to Help Take Back Our World

$1000 Donation Turns Into $4000 of the New Global Currency

Donate Now to Help Take Back Our World

$1000 Donation Turns Into $4000 of the New Global Currency

OWC (Our World Coin) Sponsorship Offer

If you donate to the Resistance you will receive major incentives.

Such as the following in Our World Coin which lists early 2022.

Plus if you donate over $2500 you will also receive 20% in Bitcoin 2.0