Uphold, a well-known cryptocurrency exchange has just released a crypto-linked debit card for users in the United Kingdom, with rewards of up to 4 percent in $XRP.
Uphold’s bitcoin debit card is “perfect for travel and usage internationally,” the business noted in a news statement shared with CryptoGlobe since it does not impose non-sterling transaction fees.
There are no transaction or membership costs associated with the debit card, and the paper specifies that rewards are earned in fiat money (GBP for UK users and USD for US users) and redeemed in $XRP.
The paper claims that the card would first be made accessible in digital form before being released as a physical card later this year. Once released, the card may be used to make purchases and withdraw cash from MasterCard ATMs throughout the globe.
Simon McLoughlin, Uphold’s CEO was reported saying: “With Uphold, our users can store their cryptocurrency in a single place, make transactions with it anywhere in the globe, and get XRP incentives for doing so. The Uphold Card provides just that.”
This comes after top financial company Ripple forged a new agreement to incorporate the XRP token’s native network, the XRP Ledger, into real estate transactions.
An increase in XRP’s popularity has been seen over the last few weeks. The action brought by the U.S. Securities and Exchange Commission (SEC) against Ripple and two of its executives are being perceived as “increasingly unstable” by investors, and as a result, cryptocurrency investment products giving exposure to $XRP have lately witnessed considerable inflows.