Long-standing Ripple Labs collaborator Uphold has unveiled an innovative reward program aimed at motivating XRP holders. Through its official X account, Uphold has announced a total of 20,000 XRP available to users who engage in trades as modest as $20. At the time of writing, the 20,000 XRP reward pool is valued at a total of $11,152, taking into consideration the coin's market price of $0.5576.

Uphold has a history of supporting the XRP ecosystem and stands out as one of the few companies that remained loyal to Ripple Labs during its nearly three-year legal battle with the United States Securities and Exchange Commission (SEC). Uphold's unwavering faith in Ripple and XRP is further strengthened by the mutually beneficial relationship it maintains with the community.

The current reward pool builds upon the earlier introduction of a 10,000 XRP reward campaign earlier in the month. Uphold has made it clear that merely trading the digital currency is sufficient for eligibility, and users do not need to make actual purchases.

It's important to note that this reward is accessible to all investors, with the exception of those in restricted jurisdictions.

Uphold and Ripple Partnership

As recently reported, Uphold's support for Ripple has been highly acknowledged, with the payment firm designating it as its liquidity partner for cross-border transactions. This partnership involves various aspects, including prefunding accounts for businesses utilizing Ripple's cross-border payment and remittance solutions.

This partnership represents an official recognition of Uphold as an ambassador for Ripple, a collaboration that benefits both companies mutually. The clear legal status of XRP, as established by the ruling that categorized it as an unregistered security when traded on secondary marketplaces, adds to the appeal of Uphold's partnership and its rewards programs in numerous regions.