SBI Holdings Launches Crypto Rewards Program for Deposits
- SBI Holdings will launch a crypto rewards program this fall, between September and November in Japan.
- Clients will earn rewards in Bitcoin, Ethereum, or XRP based on fiat deposits’ interest.
- The rewards will amount to approximately 20% of the interest earned on deposits.
- Customers can redeem crypto-based vouchers for the mentioned cryptocurrencies within a specified timeframe.
- This initiative aims to enhance SBI’s growing presence in the cryptocurrency market.
SBI Holdings’ new program is notable as it represents one of the few instances where a traditional bank offers ongoing rewards for crypto deposits, aiming to attract more users to its services.
With rewards set at about 20% of earned interest, this program could significantly impact how clients engage with their fiat deposits and cryptocurrency holdings.(Source)
