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.
There is an imposter in the comments from time to time that has taken my profile and name. Sorry, we all deal with these scammers who leave phone numbers and replies which I never do. Just be aware.
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