Uphold Relaunches XRP Debit Card for U.S. Users Post-SEC Lawsuit
- Uphold’s XRP debit card is now available across the U.S., allowing users to spend over 300 digital assets at any Visa-accepting location.
- Cardholders can earn up to $XRP cashback of up to 6% on all purchases, with no credit checks or waiting periods.
- The card was previously suspended in March due to regulatory uncertainties surrounding Ripple’s legal issues with the SEC.
- Nancy Beaton, President at Uphold, emphasized the company’s commitment to the XRP community and its decision not to delist XRP during the lawsuit.
- Gemini launched its own XRP credit card in August, offering up to a 4% reward on purchases as part of a broader adoption strategy.
The relaunch of Uphold’s XRP debit card marks a significant step in enhancing usability for crypto holders, particularly following a turbulent regulatory period for Ripple and its ecosystem. This move aligns with a growing trend among crypto companies focusing on payment solutions and customer retention.
With the ability to earn up to $XRP cashback on purchases, Uphold aims to solidify its position within the cryptocurrency market alongside competitors like Gemini and Fold. (Source)
