Shareholders will continue enjoying their XRP perks
It started giving shareholders the option to receive XRP as part of its rewards program back in January 2020.
In order to be able to receive the XRP benefit, shareholders must be residents of Japan and have an account with SBI's cryptocurrency exchange, VC Trade. Launched in 2018, VC Trade is the first cryptocurrency exchange that has the backing of a bank. SBI Holdings has been actively involved in the crypto and blockchain space. Together with Ripple, the company linked to the XRP cryptocurrency, it developed a cash transfer app called Money Tap that has been connected to dozens of Japanese banks.
Yoshitaka Kitao, CEO of SBI Holdings, was also on Ripple's board of directors before quietly leaving his post.
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