Japan’s ¥1 Trillion SBI Shinsei Bank to Let Depositors Convert Interest Into Bitcoin, Ether, XRP Starting June 10

cryptotechfintechworldjapan 3 posts · 3 accounts

Japan’s SBI Shinsei Bank, a ¥1 trillion lender, will let customers convert a portion of their deposit interest into Bitcoin, Ether or XRP in a pilot starting June 10. The offering would tie part of a conventional deposit return to cryptocurrency payouts.

Nikkei separately reported that the bank plans a crypto rewards program for depositors this fall. The initiative would give deposit customers a way to receive part of their returns in digital assets rather than only cash interest.

From the sources (3 posts)

@cointelegraph

🇯🇵 LATEST: ¥1T SBI Shinsei Bank will offer BTC, ETH, and XRP rewards to depositors.

@coindesk

NEW: Japan's SBI Shinsei Bank will let customers convert a portion of their deposit interest into $BTC, $ETH, or $XRP, launching as a pilot on June 10.

@theblockco

Japan's SBI Shinsei Bank plans crypto rewards program for depositors this fall: Nikkei

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