XRP holders could soon achieve returns because Uphold will test a new reward system

Uphold, a digital financial platform known for its crypto-friendly services, takes new steps that could fundamentally change the way XRP owners can achieve passive income.

In a recently released update, the company announced that it tests functions for XRP via the Flare Network – a step that could expand the benefits of the digital system.

Although no details are known, Uphold confirmed that internal tests are underway and promised further updates to progress its flare-based staking pilot project. Flare, a Layer 1 blockchain that is compatible with the virtual machine from Ethereum, is becoming increasingly important due to its focus on cross-chain functionality and data access. After the introduction of USDT0-Flares Multi-Chain variant from Tether-the TVL in the network rose sharply, which has positioned itself as a growing ecosystem for defi applications.

Uphold has previously shown its strong support for XRP and introduced his self-managed wallet “Vault” with XRP functionality at the end of 2023. Now the platform seems to add another and offer XRP users further tools with which they can generate value beyond simple holding.

Meanwhile, the company is preparing the reintroduction of its crypto debit card in the USA. The map, which is currently only available in Great Britain, is to be seamlessly integrated into the broader range of services from Uphold. At the beginning of this year, the platform reintroduced the staking premiums for US users for almost 20 cryptocurrencies, including heavyweights such as Ethereum, Solana and Near.

In addition to stacking, Uphold has introduced a “direct payment function”, which offers US customers 4% cashback in XRP and 5% in RLUSD-which Ripple's stable coined on the dollar-on legitimate transactions.
With its growing focus on XRP return products, the expansion of the debit card offer and wider staking support, Uphold positions itself as a versatile platform for crypto users who are looking for both benefits and premiums.

Alexander has been working in the crypto industry for three years and has made a name for himself during this time through his active participation in observing the market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional obligation, but a deep personal passion. He follows the news from the industry every day, analyzes trends and is enthusiastic about every new step in the development of blockchain solutions. His enthusiasm drives him to constantly learn and share his knowledge because he sees the future in the digital financial world and its role in global transformation.