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Japan’s SBI Shinsei Bank to Offer Crypto Vouchers Equal to 20% of Deposit Interest

Japan’s SBI Shinsei Bank to Offer Crypto Vouchers Equal to 20% of Deposit Interest

  • SBI Shinsei Bank plans to launch a program that will provide deposit customers with vouchers that can be exchanged for crypto assets worth 20%% of their interest income.
  • The vouchers can be exchanged for Bitcoin (BTC), Ether (ETH) and XRP, and users must open an SBI VC Trade account to redeem them.
  • The program is part of SBI Group’s strategy to channel customers from deposit products into its cryptocurrency and blockchain businesses.

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Photo: Shutterstock
Photo: Shutterstock

SBI Shinsei Bank, a unit of Japan’s SBI Group, plans to introduce a crypto rewards program for deposit customers.

Starting this fall, the bank will offer customers vouchers worth 20% of their interest income…

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