Uphold Relaunches XRP Rewards Debit Card Amid Growing Crypto Adoption
Ted Hisokawa Oct 31, 2025 20:16
Uphold reintroduces its XRP rewards debit card to the U.S. market, offering up to 6% rewards as crypto payments gain traction among consumers and merchants.
Uphold has reintroduced its debit card featuring XRP rewards to the U.S. market, aligning the launch with the increasing adoption of cryptocurrency payments by both consumers and merchants. This strategic move comes as digital currencies continue to gain popularity as a payment method.
XRP Rewards and Card Features
According to CoinMarketCap, the relaunched card offers XRP rewards of up to 6% on purchases, making it an attractive option for users seeking to earn cryptocurrency as they spend. The card supports over 300 cryptocurrencies, stablecoins, and fiat currencies, all seamlessly integrated with Uphold wallets.
Tax Implications and Usage
Despite the enticing rewards, spending cryptocurrency remains a taxable event under IRS regulations. However, using dollars or stablecoins can simplify the tax implications, offering users a more manageable way to navigate their crypto finances.
Background and Relaunch Details
Originally shelved in March 2023, the debit card's full U.S. relaunch was announced on October 30. Issued through Cross River Bank, the card operates as a Visa debit card, directly linking to users’ Uphold accounts. This integration allows for seamless transactions across multiple currencies and assets.
For more detailed information, readers can visit the original article on CoinMarketCap.
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