Cryptocurrency exchange Uphold continues to deliver good news for the XRP community.
Uphold took a new step regarding XRP, announcing at the end of May that it was exploring ways to offer yield for XRP and had begun staking tests on the Flare Network.
At this point, Uphold announced that it has relaunched its US debit card service with new XRP rewards.
Uphold has relaunched its US debit card service after a two-year hiatus and launched a rewards program that allows users to earn XRP.
The platform had previously suspended its crypto debit card service in the US in March 2023.
According to The Block, Uphold announced that users can earn up to 6% XRP rewards when they spend dollars, cryptocurrency, or stablecoins using their debit card. Cardholders can also earn up to 6% XRP cashback on their purchases.
Customers who deposit a portion of their salary directly into their Uphold account will earn an additional 4% XRP reward.
Uphold also said in its statement that it has restarted XRP-related services in recognition of the high community loyalty among XRP holders.
Nancy Beaton of Uphold said:
“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.”
Uphold also announced last March that Uphold customers in the US would be able to earn re-staking rewards on 19 altcoins, including Ethereum.
Among the 19 altcoins: “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)”.
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*This is not investment advice.
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