Uphold has the potential to destroy fiat currencies because it offers fast conversion.
Uphold offers fast conversion of some very shaky fiat currencies. Its currency list includes the Danish Krone, Kenyan Shilling, Mexican Peso, Indian Rupee, Brazilian Real, Polish Zloty, and Philippine Peso.
Importantly, the list also contains some of the most stable currencies including the Swiss Franc, New Zealand Dollar, Australian Dollar, and Japanese Yen. Therefore, anybody could use Uphold to his or her money into gold or Swiss Francs.
For example, if Mexico’s president announces currency devaluation every Mexican with a smartphone can convert her pesos to dollars. Affluent Mexicans can buy Swiss Francs or gold if they wish.Read more