SBI Shinsei Bank Introduces Crypto Rewards for Deposit Customers
- Customers will receive cryptocurrency exchange vouchers worth 20% of their interest payments.
- The vouchers can be exchanged for Bitcoin (BTC), Ether (ETH), or XRP.
- A three-month campaign will start on Wednesday, covering deposits from three months to five years.
- SBI VC Trade launched a retail USDC lending service on March 18, allowing users to lend stablecoins for returns.
- SBI Group is also developing crypto investment products through SBI Securities, including ETFs focused on crypto assets.
This initiative by SBI Shinsei Bank aims to integrate traditional banking with digital assets, providing customers an easy entry into cryptocurrencies without direct purchases. The deposit-voucher service reflects the bank’s broader strategy to enhance crypto access across various financial products.
With this new offering, customers can now earn cryptocurrency rewards alongside their yen interest, marking a significant step in the adoption of digital assets in Japan’s banking sector. (Source)
