Uphold crypto exchange and GlobaliD company have joined forces to build and roll out an $XRP card that would provide a five-percent cashback in the Ripple-affiliated crypto and be serviced by Mastercard.
$XRP cashback debit card from Mastercard
The $XRP debit card powered by the Mastercard giant will enable users to spend multiple cryptocurrencies, as well as fiat USD, etc, and receive up to five percent cashback in $XRP. The amount of crypto and fiat currencies that can be spent is over fifty.
To get five percent of the money, the first hundred users need to spend $10,000 during the first three months of using their card. After that, the amount of cashback will constitute two percent of the spent amount.
Only "$XRP army" members can use the card
Users will manage their $XRP card via their GlobaliD Wallet supported by Uphold and get their rewards in $XRP sent to it.
The card was initially announced back in winter this year but rolled out in late July – almost half a year later.
The launch of this card is sort of a boost for $XRP and Ripple. Therefore, to get one and start using it, clients need to join the $XRP Army group on GlobaliD.
u.today