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Japanese Firm to Test Bitcoin and XRP Redemption Via Credit Card Points

2025-07-09 11:25:26

Japanese Firm to Test Bitcoin and XRP Redemption Via Credit Card Points

Main Idea

A Japanese financial group is launching a program to allow customers to redeem loyalty points for cryptocurrencies like Bitcoin and XRP, in partnership with SBI VC Trade, highlighting XRP's utility in cross-border payments.

Key Points

1. Aplus and SBI VC Trade are partnering to enable the redemption of loyalty points for Bitcoin (BTC), XRP, and Ethereum (ETH), with a conversion rate of 2,100 points for approximately ¥2,000 worth of crypto.

2. SBI Holdings, a major financial conglomerate in Japan, is a long-time proponent of XRP and has already integrated Ripple-based infrastructure into over 70% of Japan's banking sector, aiming for 80% coverage by 2025.

3. XRP is emphasized for its speed and low-cost transactions, particularly in cross-border payments via RippleNet and xRapid, with SBI Holdings President Yoshitaka Kitao advocating its practical utility over Bitcoin's store-of-value appeal.

4. The program represents a step toward integrating cryptocurrencies into everyday finance, with potential for similar initiatives in Japan and globally if successful.

Description

Japan is once again at the forefront of cryptocurrency adoption . A new initiative will enable users of Aplus, a credit card service under the Shinsei Bank Group, to redeem their loyalty points for digital assets, including Bitcoin (BTC) and XRP. The development, shared by prominent crypto commentator Xaif on X, reflects a growing trend in the country to integrate crypto into mainstream financial services. The program is being launched through a partnership between Aplus and SBI VC Trade, the cr...

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Cryptocurrency News Bitcoin XRP
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