Ripple Partner Uphold’s XRP Rewards Program: A Win-Win for Everyone
Uphold, a seasoned Ripple Labs partner, has revealed a brand-new rewards program intended to motivate XRP holders. Uphold announced on its official X account that customers who execute a deal with as low as $20 will win a total of 20,000 XRP. With the coin’s market price fixed at $0.5576 as of the time of writing, the 20,000 XRP prize pool is worth a total of $11,152.
Uphold has consistently backed the XRP ecosystem and is among the few companies who stuck behind Ripple Labs during its almost three-year legal dispute with the US Securities and Exchange Commission (SEC). The trading firm’s reciprocal interaction with the community is now supporting its trust in XRP and Ripple.
The 10,000 XRP incentive campaign that was launched earlier in the month is being expanded upon by the present prize pool. Uphold states that trading digital money alone is sufficient and that customers are not required to make a physical transaction in order to qualify.
Except for those in limited countries, the payout is available to all investors.
Collaboration between Uphold and Ripple
since previously reported, Uphold’s support for Ripple is well known, since the payment firm selected it as its liquidity partner in cross-border transaction bids. This collaboration includes, among other things, prefunding accounts for firms that use Ripple’s cross-border payment and remittance services.
This collaboration is, at most, an official designation of Uphold as a Ripple ambassador, a relationship that is viewed mutually advantageous for both companies. The fact that XRP’s legal status is evident to everyone, thanks to the verdict that deemed it an unregistered securities when traded on secondary marketplaces, makes the relationship with Uphold and its rewards campaigns more enticing in many ways.
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