Uphold's Earn on XRP Launch Imminent with 1.6 Billion Tokens at Stake

The XRP community has been eagerly awaiting the launch of Uphold's 'Earn on XRP' feature, and finally, it is near. According to Paul Underwood, the Chief Product Officer at Uphold, the feature will allow users to earn interest on their XRP holdings, which currently amount to around 1.62 billion tokens.

This is a significant development for the platform, as it positions itself as the main haven for XRP investors. The exchange has long offered debit cards with up to 6% cashback in XRP and bonuses of up to 3% for recurring purchases.

The launch of Earn on XRP will address the main need of long-term investors - the ability to safely monetize their holdings within a regulated platform without moving them to complex DeFi platforms. The company has promised to disclose the official terms and interest rates in the coming weeks.