Payments

Uphold intros debit card with crypto rewards

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November 23, 2022

Uphold, a digital money platform, has launched a debit card for U.K. customers that offers up to 4% rewards in XRP(Ripple). The company will also provide a U.S. version later this month, according to a press release.

Users can convert cryptocurrency, metals, fiat or assets to pounds or USD via the app then make purchases with the debit card at any place that accepts Mastercard. Initially available digitally, Uphold will later launch a physical version that can access MasterCard ATMs.

"We're thrilled to offer the most competitive crypto rewards and zero non-sterling transaction fees for U.K. customers," Simon McLoughlin, CEO of Uphold, said in the release. "Making crypto easy is what Uphold does best. We want our customers to be able to easily spend the crypto in their accounts for purchases anywhere in the world and earn XRP rewards with every purchase, making Uphold a central point of their financial lives. That's exactly what the Uphold Card delivers."

The card will also support ApplePay and GooglePay.