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SBI Shinsei Bank Launches Crypto Rewards Program for Depositors
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
SBI Shinsei Bank will begin a three-month pilot program on June 10 that allows its 4.33 million depositors to receive vouchers worth 20% of their interest payments. The vouchers can be redeemed for Bitcoin, Ether, or XRP through sister exchange SBI VC Trade. Under the program, a ¥300,000 deposit could generate about ¥500 in crypto vouchers, while balances above ¥30 million could earn roughly ¥20,000, in addition to standard yen interest. The initiative is part of SBI Holdings’ broader effort to connect traditional banking products with digital assets ahead of a potential permanent rollout this fall.
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