Key Development for XRP: A Company Will Introduce a Feature Found in Many Other Altcoins

Cryptocurrency finance platform Uphold is preparing to implement a plan that concerns the XRP community. The company announced in a post on X (formerly Twitter) that it is investigating ways to provide yield opportunities for XRP and has begun testing staking on the Flare Network. Uphold stated that more information regarding the testing process will be shared soon. Uphold launched its self-custody wallet Vault with XRP support in late 2023. Flare Network is known as an EVM-compatible Layer 1 blockchain that aims to increase multi-chain interoperability and data accessibility. With the launch of USDT0, the cross-chain version of the USDT stablecoin, on Flare, the total value locked (TVL) on the platform has skyrocketed in a short time. Related News: Massive Altcoin Whale Misses Out on $42.64 Million in Profits – Bought High, Sold Low, Here Are the Trades It Made The company also announced plans to relaunch its Uphold crypto debit card in the US, which is currently only available in the UK. In March, Uphold reintroduced staking rewards for its US users across 19 different digital assets, including Ethereum, Solana, and NEAR. The company also announced that with the “Direct Payment” feature, US users will be offered 4% cashback in XRP and 5% rewards in RLUSD (Ripple USD stablecoin). *This is not investment advice. Continue Reading: Key Development for XRP: A Company Will Introduce a Feature Found in Many Other Altcoins

Source: BitcoinSistemi