SBI Group to offer Ripple’s XRP as shareholders benefit

SBI Holdings, a part of SBI Group announces on January 31st 2020 that it is set to give Ripple’s XRP as a benefit to its shareholders. XRP is currently the 3rd largest cryptocurrency in terms of market capitalization.

Shareholders can get a maximum of 8,000 yen worth of the digital asset XRP (~$74). “Shareholders holding 100 to less than 1,000 shares in the shareholder registry as of March 31, 2020, or shareholders holding 1,000 or more shares and holding for less than one year” can choose to receive 2,000 yen (~$18) worth of XRP.

However, “Shareholders who have been holding shares for more than one year and have 1,000 or more shares in the shareholder registry as of March 31, 2020” can opt for 8,000 yen worth of crypto assets (virtual currency) XRP.

Shareholders also have an option to get health supplements offered by SBI Holdings’ subsidiary SBI Alapromo.

There are also some conditions which you have to fulfil in order to get XRP as shareholder benefit. Shareholders must be the residents of Japan having an account in SBI VC Trade Co., Ltd.