Uphold has announced a significant upgrade to its financial ecosystem, aiming to establish itself as a prominent XRP-centered alternative to traditional banking services. This development was highlighted by crypto enthusiast and XRP advocate Diana (@InvestWithD).
Diana shared an interview featuring Uphold U.S. President Nancy Beaton with Jake Claver. During their discussion, Beaton elaborated on several new products designed to enable users to earn, borrow, and spend while retaining their XRP holdings.
The platform now offers customers the ability to earn up to 10% monthly cashback in XRP, access DeFi-based loans utilizing XRP as collateral, and earn interest on U.S. dollar balances with full FDIC insurance coverage. This rollout marks a substantial step by a U.S. company toward integrating XRP into mainstream financial products.
BREAKING: Uphold Just Launched the Ultimate XRP Banking System — 10% Cashback, XRP Loans, and a Digital Dollar 💥
In a new interview with Jake Clever (@beyond_broke), Uphold’s U.S. President Nancy Beaton (@beatonboulder) revealed that they’re basically turning @UpholdInc into…
— Diana (@InvestWithD) November 9, 2025
Earning XRP Through Everyday Spending
A key component of this transformation is Uphold's revamped debit card. Beaton explained that users can now receive up to 6% back on all card purchases without category restrictions. An additional up to 4% back in XRP is available for users who set up direct deposit.
This system is applicable to purchases made with crypto, fiat, or stablecoins, effectively creating a seamless connection between digital assets and daily expenditures. By rewarding customers directly in XRP, Uphold enhances the practical utility of the digital asset in payments and consumer transactions.
Furthermore, this incentivizes XRP holders to direct their income and spending through the platform, thereby strengthening the asset's integration with real-world finance.
Borrowing and Earning Without Selling XRP
Uphold is further expanding XRP's utility through an upcoming partnership with EXA Protocol, slated for launch before the end of the year. This integration will introduce decentralized lending and borrowing capabilities to the platform, enabling users to earn yield or access credit while maintaining their XRP holdings.
Borrowers will have the option to use XRP as collateral and receive a credit card to spend against their assets. This arrangement allows users' assets to remain active while providing liquidity without the need for liquidation, a feature previously unavailable on a major U.S. platform for XRP.
A Comprehensive XRP-Driven Financial Model
For individuals holding fiat currency, Uphold now offers a 4% interest rate on U.S. dollar balances. Beaton specified that these accounts are FDIC insured up to $2.5 million by distributing deposits across multiple banks. She noted that this interest rate exceeds what most U.S. banks currently offer, while funds remain readily available for trading or withdrawals.
Uphold's new offerings in yield generation, borrowing, and cashback significantly deepen XRP's real-world applicability. By incorporating XRP into payments, credit, and savings, the platform is evolving from an exchange that "never delisted XRP" into a comprehensive XRP-centered financial system.