GlobaliD Launches New XRP MasterCard Debit Card; Earn Rewards Up to 5% Cashback

  • GlobaliD, a digital identity platform, launches a MasterCard debit card to allow users to spend, pay, and get paid through XRP, the sixth-largest cryptocurrency.
  • The card offers users up to 5% cashbacks on any amount spent through the debit card.

In an announcement on Thursday, GlobaliD confirmed developing a unique XRP debit card that is expected to launch later this year in the U.S. The MasterCard debit card offers users a quick and cheap avenue to transact and pay using digital assets offering cashback to customers who join the waitlist.

The first 1,000 customers will earn up to 5% cashback on their purchases using GlobaliD’s debit card on the first $10,000 spent. The next 2,000 customers will receive 4% cashback on their purchases up to a similar amount, while the remaining customers are promised a 2% cashback on their purchases using the debit card.

The card can be used in any MasterCard accepted merchant store in the world.

GlobaliD confirmed the initiative did not involve Ripple Inc. in any way despite joining the PayID Open Payments Coalition in 2020, which also houses Ripple.

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