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SBI Shinsei Bank Launches Crypto Rewards Program for Depositors

Published by
Nidhi Kolhapur

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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Nidhi Kolhapur

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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