The Uphold crypto-linked debit card offers unique and appealing features, including zero transaction fees and an opportunity to spend crypto at several merchant locations.
Uphold has again brought public attention to the attractive offerings presented to clients through its recently-launched crypto-linked debit card. The card presents clients with 4% cashback rewards on their spending. The rewards are paid in XRP and convertible to any currency of the customer’s choice, digital or fiat.
“It’s cold in the UK! Luckily the Uphold Card is Coming in hot with 4% cashback paid in XRP…” Uphold disclosed in a tweet today, reiterating the card’s offerings.
It’s cold in the UK! Luckily the Uphold Card is 𝐜𝐨𝐦𝐢𝐧𝐠 𝐢𝐧 𝐡𝐨𝐭 with 4% cashback paid in $XRP and 0% foreign transaction fees! ☕🔥
UK customers — you can now spend crypto at more than 90M @Mastercard vendors worldwide! 😍
Get yours now 👉 https://t.co/GyBPBX0AVq pic.twitter.com/rgZyuxFuWh
— Uphold (@UpholdInc) December 7, 2022
Launched mid-November, Uphold unveiled the crypto-linked card with 4% cashback paid in XRP. According to the Nov media release, the card features ease of use, being readily available on the mobile app for iOS and Android users. Initially available to customers in the United Kingdom, Uphold promised to introduce a United States-based version before long.
Through the card, users can directly spend their cryptocurrencies held on the Uphold app at the over 90M global merchants that accept Mastercard. Uphold also promised an easy integration of the card into users’ Google Pay and Apple Pay accounts.
Furthermore, customer spendings attract zero fees, according to Uphold. This zero-free offering applies even to transactions in foreign currencies. The platform has also promised fair and competitive FX rates when users pay in fiat currencies other than the sterling. With the virtual card readily available on the mobile app, the physical card can be provided for customers upon request, including fees.
Launched in 2013, Uphold provides its clients with a robust financial services offering, including an opportunity to trade, exchange, spend and invest digital assets. The firm has substantially expanded its offerings to accommodate growing trends and assets. Last month, Uphold added seven new tokens to its platform, including Shiba Inu’s governance token, Bone ShibaSwap (BONE).
Crypto Cards are Growing in Number
Uphold was the latest in a long line of digital asset platforms that have launched crypto-linked debit cards. In August, as previously reported, Binance and Mastercard piloted the Binance crypto card in Argentina.
Furthermore, on October 27, London-headquartered crypto platform Blockchain.com announced its crypto Visa card, with 1% cashback rewards on spending. Visa also announced the launch of its crypto card in Latin America through partnerships with several FinTech and IT companies within the region. Platforms such as Crypto.com, Nexo, Coinbase, and many others also offer crypto-linked cards.