#XRP:

The platform plans to enable staking on XRP through Flare Network. It will also relaunch its crypto card in the U.S. with new deposit and rewards features, also in XRP. Take advantage of a favorable regulatory environment under the Trump administration.

Uphold, the cryptocurrency-based financial services platform, announced new strategies this Friday to generate returns with XRP, including staking trials through Flare Network.

Features with XRP

The announcement was made through a post on X, where the company highlighted its interest in expanding DeFi opportunities for users of the XRP ecosystem.

"Welcome to the world of smart contracts and DeFi opportunities, #XRPArmy," wrote Uphold in its post. "Stay tuned for the beta."

Flare Network is a layer 1 Blockchain network compatible with the Ethereum Virtual Machine (EVM), designed to enhance interoperability and data access between multiple networks. The platform has gained traction recently with the launch of USDT0, an omnichain version of the USDT stablecoin, which led to an increase in the total value locked (TVL) within the ecosystem.

The collaboration with Flare is part of a broader effort by Uphold to integrate DeFi products with popular assets like XRP. In 2023, the company had launched Vault, its self-custody wallet that initially only supported XRP.

Uphold also announced the relaunch of its crypto card in the United States. Until now, the product was only available in the United Kingdom. The cards, both physical and virtual, allow users to make payments with digital assets directly from their wallets.

This expansion comes with a new feature: direct deposits with rewards. According to the company's statement, the new system will allow users to receive their salary directly in Uphold with an additional 4% benefit in XRP for each transaction made with the card.