- Uphold will offer a 4% cashback in XRP to UK users if they use the Uphold Card for payments.
- The announcement came after XRP traded above $0.55 and is up 11.4% in the last 24 hours.
- Binance stopped providing GBP deposits and withdrawals earlier.
Crypto trading platform and payments provider Uphold announced a 4% cashback to UK-based users who use its debit card. The rebate will be paid in XRP, according to the announcement.
The offer came amid XRP’s staggering rally to $0.5788 before simmering down a bit at $0.55. In the last 24 hours alone, XRP has surged by 11.4%.
In addition, Uphold may be in a position to grab a sizable percentage of the UK crypto market share given Binance ceasing to dabble in British pounds (GBP). This was due to Binance’s partner Skrill ceasing its GBP deposit and withdrawal services.
Meanwhile, XRP is outshining all major cryptocurrencies including bitcoin (BTC) in the last 7 days. Specifically, XRP is up 18.6% while BTC can barely maintain its $28,000 support.
The only other major altcoin to have a significant gain is litecoin (LTC), which received recognition as a commodity alongside BTC and ether (ETH), according to the Commodity and Futures Trading Commission. At the time of writing, LTC is trading at $91.21, which translates to a 7-day gain of 9.8%.
