Uphold relaunches debit card with XRP rewards in the US.
- Users earn up to 6% in XRP rewards on spending.
- Uphold card returns to the American market after two years.
- The program strengthens Uphold's ties with the XRP ecosystem.
Uphold, a global cryptocurrency wallet provider, has announced the relaunch of its debit card in the United States, offering users the chance to earn XRP rewards when using the product for everyday payments. The new version of the card arrives more than two years after the service was suspended in the country.
According to the company's statement, users can receive up to 6% in XRP when spending dollars, cryptocurrencies, or stablecoins. Additionally, customers who choose to deposit part of their salary directly into their Uphold account can accumulate additional 4% XRP rewards, totaling up to 10% return on card usage.
“We already had a debit card, but we’re bringing it back,” said Nancy Beaton, Uphold’s Chief Revenue and Marketing Officer and President of Uphold US. “We have a very high concentration of XRP holders in our community.”
The executive highlighted that the initiative aims to stimulate the loyalty of XRP users and attract new customers interested in cryptocurrency-linked rewards. Beaton recalled that, even during periods of regulatory uncertainty in the United States, Uphold maintained support for Ripple's token. "We never removed XRP from our platform, even during the difficult regulatory times when all other exchanges did. And that's why XRP users are loyal to Uphold."
The return of the card comes at a time of growing adoption of crypto products in the traditional financial sector, with companies like Visa and Mastercard expanding their digital payments initiatives. In parallel, exchanges like Gemini have also launched credit cards that offer rewards in tokens like Solana (SOL).
Officially launched in May, the new Uphold debit card will initially be available to customers in the United States, while users in the United Kingdom already have access to a similar version. XRP rewards are valid for 90 days after registration, and the product represents the company's commitment to integrating practical usability with crypto benefits within the American financial market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The AI boom may follow the path of the 19th-century railway bubble, and builders may not be the ultimate winners
Goldman Sachs analyst Bobby Molavi compared the current situation to the 19th-century British railway mania: 500 companies spent more than the nation's annual income building 8,000 miles of railway, with most early investors losing out, while the real beneficiaries were the later "passengers." He pointed out that the current AI craze is driven by both debt and momentum, and that the S&P 500’s forward P/E ratio of 18x is only "a bit cheaper." Whether the builders can retain value is uncertain, and history does not offer an optimistic answer.
If Anthropic's IPO goes smoothly and the stock price rises next week, then everything remains the same for AI. Otherwise, some companies will go bankrupt.
The shrinking valuations of two major giants have triggered a chain reaction—investors are adopting more conservative revenue multiples for AI startups and are directly halting high-valuation financing for companies with zero revenue. Multiple venture capital firms have advised their portfolio companies to lower valuation expectations and to quickly build up cash reserves. Market participants warn that the outcome of Anthropic’s IPO will be a barometer for the industry: if successful, the boom will continue; if it fails, some companies may face elimination.
After the Brazilian election, political discount deepens; Morgan Stanley remains bullish on Petrobras (PBR.US), focusing on fuel pricing and dividends
Morgan Stanley still maintains its most optimistic "Overweight" rating, but has lowered its year-end 2027 target price from $31 to $25.
Corning (GLW.US) receives initial "Buy" rating from Jefferies! AI factories driving a fiber optic rush, with a potential global supply gap of up to 30%
For Corning, the recent profit growth mainly comes from the expansion of AI clusters. As the number of optical links crossing cabinets and campuses increases, customers need to deploy more optical fibers within limited conduit and cabinet space, thus driving demand for high-density optical cables and connection systems.
Crypto prices
More
