RATE Group | Financial Firm SBI Holdings to Offer XRP Cryptocurrency as Shareholders’ Benefit
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Financial Firm SBI Holdings to Offer XRP Cryptocurrency as Shareholders’ Benefit

31 Jan Financial Firm SBI Holdings to Offer XRP Cryptocurrency as Shareholders’ Benefit

Posted at 15:03h in Cryptocurrency News by

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Japan’s crypto-friendly financial services company SBI Holdings is to give shareholders the option to receive the XRP cryptocurrency as a benefit.

SBI announced on Friday that shareholders could either take the benefit in XRP or another product offered by its health food and cosmetics subsidiary SBI Alapromo.

Under the scheme, newer shareholders on the company’s registry as of the starting date of March 31 can accept XRP to the value of 2,000 yen (around $18), while those who’ve been shareholders for over a year will receive 8,000 yen ($73.50) in the cryptocurrency.

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The Alapromo alternatives include cosmetics, health supplements and brown rice powder. All shareholders are being given a 50-percent discount on supplements and cosmetics sold by the subsidiary.

There is caveat for those who would take the XRP benefit: they must be resident in Japan and have an account at SBI’s cryptocurrency exchange VC Trade, which…

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