Popular Japanese bank Shinsei Bank is set to start offering customers rewards in $XRP or $BTC as part of a new campaign that is running from August 10 until October 31. Rewards in the campaign can go up to 8,000 Japanese Yen worth around $60 at the time of writing.<\/p>\n
These rewards are, according to a local news outlet, set to be distributed to customers who meet specific criteria, including those who open new accounts with the financial institution and those who make specific transactions.<\/p>\n
According to reports, opening a new account with Shinsei Bank will award customers with a 500 yen coupon worth around $3.7, while allocating their salaries of 30,000 yen ($225) or more to the bank can see clients gain a coupon of up to 2,500 yen ($18). The coupons are redeemable via email, and can be cashed out in $XRP or $BTC.<\/p>\n
A page promoting the campaign reads (roughly translated):<\/p>\n
All those who have cleared the campaign participation conditions will receive a crypto asset exchange voucher (equivalent to up to 8,000 yen) that can be exchanged for Bitcoin (BTC) or XRP (XRP) at SBIVC Trade.<\/p>\n
The offering comes through a new partnership formed with SBI VC Trade, the cryptocurrency trading platform of Japanese financial services giant SBI. The bank is also running a campaign in which 1,300 customers \u201cwho deposit during the campaign period will win a \u201ccrypto asset exchange ticket\u201d worth up to 10,000 yen\u201d through a lottery system.<\/p>\n
The move comes shortly after Shiba Inu ($SHIB), which is potentially the world\u2019s most popular meme-inspired cryptocurrency, and $XRP, an extremely popular cryptocurrency improving cross-border payments, were added as payment methods at over 60 million merchants worldwide.<\/p>\n
Notably, SBI is a well-known XRP supporter, which has given its shareholders the option of receiving $XRP as a benefit for the third year in a row this year, further showing the firm\u2019s support for the embattled cryptocurrency.<\/p>\n
As CryptoGlobe reported,\u00a0SBI launched last year\u00a0a cryptoasset fund that invests in XRP and four other popular cryptoassets: BTC, ETH, BCH, and LTC. At the time Tomoya Asakura, the President of SBI affiliate Morningstar Japan K.K., revealed the fund would require an investment of at least 1 million yen ($8,400).<\/p>\n
Last year, SBI Holdings launched a new cryptocurrency lending service allowing users to earn an annual interest rate of 1% on their bitcoin holdings, with plans to expand the service to ETH and XRP.\u00a0<\/p>\n
In an announcement on the new feature, dubbed \u2018VCTrade Lending\u2019\u00a0SBI detailed that users will be able to lend a minimum of 0.1 BTC, at press time worth close to $2,400, and a maximum of 5 BTC, at press time worth $120,300.<\/p>\n
It also acquired\u00a0Japanese cryptocurrency exchange TaoTao\u00a0for an undisclosed amount, after negotiations between TaoTao and Binance to create a strategic partnership fell through for unknown reasons.<\/p>\n
Featured Image via\u00a0Pixabay<\/p>\n