SBI Ripple Asia Announces Shareholder Benefits Campaign

Ripple is constantly trying to increase the adoption of its XRP tokens. Because of this, the company has started a new partnership with the Japanese company SBI Holdings this year. The two companies have united to create SBI Ripple Asia, which will promote the RippleNet and XRP in the region.

Now, SBI Ripple Asia has decided to start a new campaign, which will be called Shareholder Benefits Campaign. The idea is to grant the shareholders of SBI with 30 XRP each. This would be useful because it would allow them to enter the crypto world and promote this technology.

Another goal of the campaign is to offer returns to shareholders. SBI has increased its dividends for 10 years straight, so this is also a commemorative campaign. Shareholders interested in receiving the tokens can use the company’s My Virtual Currency app to get them.

Recently, the company has also made other campaigns to give free XRP to people. The latest one was aimed at the clients of the company, who could receive free tokens worth 1,000 JPY (around $9,42 USD).

In related news, SBI is set to start using Ripple as the intermediary to pay the dividends to the company’s shareholders. The CEO of SBI, Yoshitaka Kitao, has also been invited to be an executive at Ripple, making the two companies become even closer.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Gabriel Machado
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Brazilians Are Moving Towards Dollar-Pegged Stablecoins As Alternatives to the Ailing Economy

Brazil is moving to dollar-backed stablecoins as the country's economy continues to ail coupled with the looming uncertainty on its increasing COVID-19 cases. According...

Bitcoin Moves: Options Market Indicate Bullish Price Outlook

This week, bitcoin is making its way upwards, albeit at an extremely slow pace. Yesterday, we went to nearly $9,500 but are currently trading...

CFTC Chair Is Ready to List More Crypto Based Futures; Just Waiting on SEC's Clearance

The Chairman of Commodity Futures Trading Commission (CFTC), Heath Tarbert, has said that they are waiting for SEC clearance on more digital assets to...

Mercedes-Benz Parent, Daimler AG, Pilots PoC Supply Chain Data Sharing System with Ocean Protocol

Daimler AG, the Mercedes Benz carmaker, has partnered with the decentralized data-sharing platform - Ocean Protocol. The partnership would help the Daimler to store their...

Insufficient Clarity for Regulations And Taxes May Force US Investors Move On: Coinbase Tax VP

The Chief Tax Officer of Coinbase, Lawrence Zlatkin, believes that lack of clarity in the US' crypto taxes could alienate prospective investors. He shared...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today