RATE Group | SBI Mulling a Company-wide Cryptocurrency Shareholder Payout in XRP
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SBI Mulling a Company-wide Cryptocurrency Shareholder Payout in XRP

05 Dec SBI Mulling a Company-wide Cryptocurrency Shareholder Payout in XRP

Posted at 11:24h in Cryptocurrency News by

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SBI Mulling a Company-wide Cryptocurrency Shareholder Payout in XRP 101
Source: iStock/isa_ozdere

Japanese financial giant SBI is considering issuing Ripple (XRP) tokens as company-wide shareholder rewards, says the company’s CEO Yoshitaka Kitao.

In a recent address to shareholders shared by the company on YouTube, Kitao stated that a previous XRP handout to shareholders of SBI’s Morningstar subsidiary in August this year had proved a success.

The CEO said he is looking into the idea of offering XRP benefits to all SBI shareholders at the end of the current financial year (March 2020).

Kitao is a Ripple board member, and SBI is arguably Ripple’s closest East Asian partner. The two companies co-operate the SBI Ripple Asia payment platform.

The SBI chief said that the August XRP payout had driven up subscriptions to the company’s Japanese crypto exchange, SBI VC Trade – as Morningstar shareholder wishing to claim their XRP were obliged to open accounts on the platform to claim their tokens.

However, Kitao hinted that if SBI does go ahead…

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