Uphold Relaunches its US Debit Card

TL;DR

• Cryptocurrency wallet provider Uphold has relaunched its US debit card.

• The decision comes after the firm discontinued the service two years ago.

Uphold’s US Debit Card Allows Users to Earn up to 6% in XRP

Cryptocurrency wallet provider Uphold announced that it has relaunched its US Debit Card. This latest development comes after the company discontinued the service over two years ago.

The debit card allows users to earn up to 6% in XRP rewards when spending dollars, crypto, or stablecoins while using the debit card. In addition to that, clients who deposit part of their paycheck to their Uphold account can also earn another 4% in XRP rewards.

On its official website, Uphold mentioned that,

“Uphold offers you the opportunity to earn rewards on Eligible Purchases made by using your Card. Rewards accrue at the Reward Rate applicable to your Card and depend on whether the purchase was funded with any of your Uphold Asset Accounts, up to the Monthly Reward Cap.”

The debit card is currently available to users in the United States, excluding Louisiana, New York, or any U.S. territory. Uphold added that the XRP reward rates are good for rates for 90 days after signing up.

The firm added that customers who sign up to receive an Uphold Debit Card before January 1, 202,6 will earn introductory rewards during the first 90 days. 

Uphold Elite Card holders can earn up to 6% back in XRP on eligible purchases, while the Uphold Essential Card holders will earn up to 4% in XRP on eligible purchases. Meanwhile, the ongoing rewards for Uphold Elite Card holders are 3% back in XRP on every eligible purchase, while for Uphold Essential Card is 2% back in XRP on every eligible purchase.

This latest development comes after the company reinstated staking rewards for U.S. customers across 19 different digital assets, including Ethereum, Solana, and NEAR, earlier this year. Uphold customers in the United Kingdom already have access to a debit card.