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Uphold Relaunches US Debit Card With Up to 6% XRP Cashback

Uphold Relaunches US Debit Card With Up to 6% XRP Cashback

Uphold has resumed its U.S. debit card service, offering XRP rewards for spending and payroll deposits as it reenters the crypto-integrated payments market.

XRP

Summary

On September 30, Uphold announced the relaunch of its U.S. debit card, enabling payments in USD, cryptocurrencies, or stablecoins and offering up to 6% XRP rewards on purchases. Users can earn an additional 4% XRP on payroll deposits. The service, which had been paused since March 2023, is reintroduced amid growing crypto payments adoption.

Terms & Concepts
  • XRP: A digital currency used within the Ripple network for fast and low-cost cross-border transactions.
  • Stablecoin: A type of cryptocurrency pegged to a reserve asset, such as fiat currency, to minimize price volatility.
  • Cashback Rewards: A benefit program where a percentage of spending is returned to the user, often in cash or crypto form.