GlobaliD, a digital identity platform that allows users to build a safe, private, and trusted community, is introducing the first XRP debit card backed by Mastercard.
As the report has it, the debit card will soon be available in the United States.
GlobaliD tweeted, “Spend money. Get free XRP. It’s that simple. Introducing the XRP Card.”
— GlobaliD (@myglobal_id) February 25, 2021
Get Up To 5% Cashback in XRP
According to the report, the first 1000 users who join the waitlist stand the chance to earn 5% back in XRP on the first $10,000 spent within three months and 2% after at over 10.7 million merchants supported by Mastercard.
Also, the next 4,000 users to join the waitlist have an opportunity to earn 3% back in XRP on the first $10,000 spent within three months and 2% after. However, all other signups will still earn 2% back in XRP, but the offer is available for United States residents only.
Why this is Good News for XRP Holders in the United States
All XRP rewards can be received, hodled, and converted into users’ GlobaliD Wallet via Uphold.
Users are also opened to over 100 national and digital currencies and all XRP rewards can be spent anywhere Mastercard is accepted.
Howbeit, only United States citizens that are above 18 years old are eligible to apply for the XRP Mastercard debit card. Additionally, the fact that you joined the waitlist is not a guarantee that you will receive the card.
Is Ripple Involved?
Although GlobaliD is part of the PayID Open Payment Coalition established in June 2020, Ripple has no involvement in this recent initiative.