What to Know:
- Uphold has reintroduced its debit card in the U.S., offering users up to 6% back in XRP rewards on purchases.
- The card comes in two versions: Uphold Elite and Uphold Essential, with different fees and benefits tailored to user preferences.
- This move highlights Uphold’s continued support for XRP, even during regulatory challenges, fostering loyalty among XRP holders.
Uphold has relaunched its U.S. debit card, providing customers with a novel way to earn XRP rewards on everyday spending. Users can now earn up to 6% back in XRP when making purchases with dollars, crypto, or stablecoins. This re-entry into the U.S. debit card market underscores Uphold’s commitment to offering innovative crypto solutions.
The new Uphold Debit Card, issued by Cross River Bank under a Visa license, is available in two versions: Uphold Elite and Uphold Essential. To incentivize adoption, Uphold offers a Direct Deposit bonus, rewarding users with 4% in XRP for depositing at least $250 from their paycheck into their Uphold account, up to $500 a month through December 2025. The card also supports spending in over 300 digital assets and integrates with Apple Pay and Google Pay for seamless transactions.
The Elite card, with a $99.99 annual fee, eliminates ATM and foreign transaction fees, making it ideal for frequent travelers, while the Essential card has no annual fee but includes a $2.95 ATM fee and a 1.5% foreign transaction fee. Nancy Beaton, Uphold’s Chief Revenue and Marketing Officer, emphasized that the card’s return was driven by strong demand from the XRP community. Uphold’s dedication to XRP has solidified its reputation among crypto enthusiasts.
Uphold’s focus on XRP extends beyond the debit card, including initiatives like the $50,000 XRP giveaway during the XRP Vegas event and an exclusive ZBCN airdrop for users holding at least $50,000 worth of XRP. This move follows Uphold’s restoration of staking rewards for U.S. customers across 19 crypto assets, including Ethereum and Solana, demonstrating a broader commitment to providing comprehensive crypto services. The launch of the Uphold XRP Debit Card follows Gemini’s unveiling of its own XRP Credit Card, highlighting the growing interest in XRP-focused financial products.
Uphold’s relaunch of its debit card, offering XRP rewards, highlights the increasing integration of cryptocurrencies into everyday financial activities. As the digital asset landscape evolves, such initiatives play a crucial role in fostering broader adoption and providing users with practical ways to engage with crypto. This positions Uphold as a key player in driving the utility and accessibility of XRP and other digital assets.
Source: Original article
