Uphold has relaunched its debit card for U.S. customers, enabling users to earn up to 6% in XRP rewards on spending U.S. dollars, cryptocurrencies, or stablecoins. An additional 4% in XRP rewards is available for those depositing paychecks directly into Uphold accounts, totaling 10%. The move aligns with growing industry trends in crypto-linked payment options.
The relaunch comes after Uphold teased the card's return in May, while U.K. customers already access an Uphold debit card. This initiative builds on Uphold's longstanding support for XRP, as the platform never delisted the asset during regulatory challenges that prompted other exchanges to do so. "We never delisted XRP, even in the tough regulatory times when every other exchange did," Uphold's Beaton stated. "And for that, XRP users are loyal to Uphold."
Beaton highlighted the rewards' uniqueness: "You cannot get anything like this out in the market." The promotional rates apply for 90 days after account signup. This development reflects broader trends, with Gemini announcing earlier this month a crypto credit card offering up to 4% back in Solana tokens. Major payment networks like Visa and Mastercard are also expanding crypto activities in payments and settlements.
Earlier this year, in March, Uphold reinstated staking rewards for U.S. customers on 19 digital assets, including Ethereum, Solana, and NEAR. The card aims to serve existing clients and attract new users, integrating crypto rewards into everyday spending.