Crypto company named Uphold acquired Secure Mobile Payment Company Cortex MCP.
This acquisition will help the Uphold to strengthen the digital money for secure payment application, as Cortex MCP is the most secure mobile wallet technology.
Uphold will also acquire Cortex patent portfolio so that they can have a new IP Solution with an emphasis on authentication, tokenization, and blockchain-centric solutions. This will enhance the Uphold to become a leader in new innovative payment service.
This Acquisition will help in
- A new Uphold payments capability that leverages both crypto and FIAT assets.
- A new closed-loop payment platform expansion, leveraging Uphold’s remittance and transfer capabilities in Mexico, Latin America, and beyond.
- New digital ID/authentication capabilities and services.
- Additional security solutions that further secure Uphold members’ accounts.
Chief Operating Officer of Uphold William Dennings said that Cortex’s mobile-centric, closed-loop payment and secure tokenization solutions provide industry-leading technologies and security to their Uphold solution platform.
“Many more merchants and service providers will now be able to safely accept cryptos, giving businesses and consumers the widest possible choice. We are thrilled to be part of the Uphold team and journey and look forward to the great things we will accomplish together”, said Cortex founder Shaunt Sarkissian.