$XPL Rewards: Plasma One Launches Visa Card with Cashback and Referral Incentives
Plasma, a financial network for stablecoins, is offering rewards to users who sign up for its mobile app and Visa card, called Plasma One. The app allows users to hold, send, spend, and earn with digital dollars through the underlying Proof-of-Stake Layer 1 network.
The Plasma One card provides access to over 175 million merchants across 180+ countries and supports Apple Pay and Google Pay in certain regions. Users can fund their account with crypto or local currency, send money globally, withdraw through supported bank rails, and earn rewards on qualifying purchases and referrals.
The company's native token, $XPL, is used for cashback, referral rewards, deposits, and access to higher membership tiers, offering variable yields of up to 6% APY. The card issuers are Rain, with different plans available: Lite, Core, and Platinum, each unlocking additional benefits.