Japanese Crypto Exchange SBI VC Trade Offers New Customers Free XRP

Japanese Crypto Exchange SBI VC Trade Offers New Customers Free XRP 101 Source: Adobe/Wit.

Japan’s latest crypto players are getting significantly aggressive in their marketing efforts– with financial giant SBI now using all new crypto customers handouts of the XRP token.

SBI runs the SBI VC Trade crypto exchange, and per an official tweet, anyone opening an account in between June 1 and September 30 will get XRP 50 (currently worth around USD 10).

SBI is one of Ripple‘s closest partners, and the Japanese business utilizes Ripple’s MoneyTap option in its own e-pay platform. Previously this month, the business announced it wanted to roll out an option that makes use of MoneyTap in hundreds of Japanese ATMs.

Its CEO Yoshitaka Kitao is a member of the Ripple board, and the business has made several XRP payments to investors of its Morningstar subsidiary.

SBI VC Trade also says it has actually introduced an e-KYC (Know-Your-Customer) authentication platform that allows new customers to carry out the whole registration procedure using their mobile phones.

The move comes hot on the heels of another crypto free gift from a significant new player on the Japanese crypto scene. As formerly reported, e-commerce giant Rakuten has actually embarked on a month-long Bitcoin Pizza Day-themed promo. Its Rakuten Shipment subsidiary is using pizza shipment customers bitcoin (BTC) handouts of up to around USD 9– offering they have or open accounts on the business group’s Rakuten Wallet exchange.

Japanese business professionals have actually believed that new crypto policies, which entered force on May 1, have actually provided the market more authenticity– and pushed online marketers, especially at bigger, cash- abundant players.
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Learn more: Ripple’s XRP Sales Drop Dramatically, ODL Gets Traction

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