Multi-Billion Dollar Japanese Financial Firm SBI Now Allows Customers To Deposit XRP & Earn Interest

A subsidiary of Japanese financial services behemoth SBI Group has now added support for Ripple’s XRP cryptocurrency in its crypto lending service.
Announced on Thursday (Feb. 4), the “VC Trade Lending” service will allow users to deposit their XRP in exchange for an annual interest of 0.1%, with taxes accounted for. The announcement notes that users can deposit a minimum of 1000 XRP and a maximum limit of 100,000 XRP and receive a small interest payment annually for letting SBI borrow their crypto assets.

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