Cryptocurrency exchange Uphold has recently announced the release of a new cryptocurrency-linked debit card for users in the United Kingdom that offers them incentive rewards of up to 4% in XRP token.
Uphold’s crypto debit card will not incur non-sterling transaction fees, making it perfect for travel and overseas use. The launch of the US version card is slated for the following week and will be “fully available by the end of the month.”
According to the document, there are no transaction or membership fees charged when using the debit card, and rewards are accrued in fiat money (GBP and USD for users in the UK and US, respectively) and paid out in XRP.
Customers can easily convert their crypto, gold, money, or other assets to GBP or USD via the platform. With the Uphold card, the funds can then be used to make purchases easily everywhere MasterCard cards are allowed.
The document states that the card will initially be accessible digitally before being launched in physical form later this year. Both GooglePay and ApplePay are supported by the card.
The decision was made shortly after prominent fintech company Ripple announced a new collaboration to bring transactions in real estate to the XRP Ledger, the native platform of the XRP coin.
