XRP Holders Get Spending Power with New Uphold-Backed Visa Card

Uphold has launched an XRP-backed Visa card that allows users to turn their cryptocurrency into everyday spending power without selling. The Exa Credit Card, powered by Exactly Protocol's decentralized finance (DeFi) lending platform, enables eligible users in select U.S. states to use their XRP as collateral and borrow against it.

The concept mirrors traditional asset-backed lending, where investors borrow against stocks or real estate without selling them. By applying the same model to XRP, Uphold allows users to access liquidity while remaining exposed to any future appreciation in the token's price.

According to Nancy Beaton, Uphold U.S. President, 'Hold your XRP. Unlock your spending power.' This reflects a growing effort to make digital assets more useful in everyday financial life rather than limiting them to trading or investing.