Uphold Enhances XRP Offerings with New Debit Card Benefits
Cryptocurrency exchange Uphold continues to deliver positive developments for the XRP community. Following its exploration of offering yield for XRP and initiation of staking tests on the Flare Network at the end of May, Uphold has now announced the relaunch of its US debit card service, featuring new XRP rewards.
Relaunch of Uphold's US Debit Card Service
Uphold has reintroduced its US debit card service after a two-year hiatus. This relaunch is accompanied by a new rewards program designed to allow users to earn XRP. The platform had previously suspended its crypto debit card service in the US in March 2023.
Earning XRP Rewards with the New Debit Card
According to reports, Uphold has announced that users can now earn up to 6% XRP rewards when they spend using their debit card, whether with dollars, cryptocurrency, or stablecoins. Cardholders are eligible to receive up to 6% XRP cashback on their purchases.
Furthermore, customers who opt to deposit a portion of their salary directly into their Uphold account will be eligible to earn an additional 4% XRP reward.
Commitment to the XRP Community
Uphold stated in its announcement that it has restarted XRP-related services as a recognition of the significant community loyalty among XRP holders. Nancy Beaton of Uphold commented on the relaunch and the company's relationship with XRP users:
“We had a debit card, but now we're bringing it back. Uphold previously issued a debit card in the US, but they discontinued it in March 2023. We have a really large number of XRP holders in our community.
We've been committed to each other for a long time. We've never delisted XRP, even during tough regulatory times, when all other exchanges did. And that's why XRP users are loyal to Uphold.”
Broader Staking Rewards for Uphold Customers
In related news, Uphold also announced in March that its US customers would be able to earn re-staking rewards on 19 altcoins, including Ethereum. The list of these 19 altcoins includes: Ethereum (ETH), Cosmos (ATOM), Casper (CSPR), Kusama (KSM), Polkadot (DOT), Solana (SOL), Songbird (SGB), Injective (INJ), Flare (FLR), Near (NEAR), Zilliqa (ZIL), Aptos (APT), Axelar (AXL), Avalanche (AVAX), Tezos (XTZ), Polygon (POL), Oasis (ROSE), Cardano (ADA), and Hedera (HBAR).