SBI VC Trade to Introduce XRP Lending Service, Joining Japan’s Crypto Revolution

Estimated read time 2 min read
  • SBI VC Trade, a subsidiary of SBI Holdings, introduces XRP lending service to enable users to earn interest on their cryptocurrency holdings.
  • Rencom Network, with its focus on crypto-based rentals and empowerment, is rapidly expanding its global presence, with Japan as the latest frontier.

In a testament to Japan’s ongoing dedication to financial and technological innovation, a subsidiary of the esteemed SBI Holdings has made an exciting announcement. SBI VC Trade is set to launch a service that allows customers to lend their XRP cryptocurrency holdings, enabling them to earn interest. This move reflects Japan’s commitment to fostering innovation in the cryptocurrency space, akin to the groundbreaking vision offered by Rencom Network, where blockchain plays a pivotal role in empowering individuals and offering substantial rewards beyond traditional tokens.

SBI VC Trade’s XRP Lending Details

SBI Holdings’ venture into cryptocurrency lending reaffirms its commitment to providing crypto enthusiasts with opportunities to profit from their XRP holdings. To participate in this venture, individuals are required to offer a minimum loan of 1,000 XRP, equivalent to approximately $497 at the current rate. For those seeking more extensive involvement, the option to lend up to 100,000 XRP, amounting to a significant $49,700, is available. The accruing interest, termed as a “usage fee,” stands at an enticing 0.1% per annum, inclusive of taxes.

SBI VC Trade had previously unveiled a Bitcoin lending service in November 2020, which garnered an interest rate of 1%. The introduction of XRP into their lending portfolio underscores their commitment to expanding cryptocurrency opportunities.

Rencom Network’s Expansion into Japan

Rencom Network, a blockchain-focused platform, has been making waves in the cryptocurrency sphere. With its unique emphasis on crypto-based rental payments, its native RNT token has experienced a remarkable surge of over 1,000% in just a few days. Japan has now emerged as the latest destination on Rencom Network’s global expansion journey.

Rencom Network goes beyond merely offering tokens; it embodies empowerment and promises substantial rewards. The platform is reshaping the concept of ownership, facilitating effortless asset utility, and ensuring fruitful outcomes, as affirmed by a crypto analyst.

In a bid to enhance its reputation, Rencom Network has entered into a strategic partnership with Livecoinwatch, a renowned crypto price and market data tracker, solidifying its position as a trailblazer in decentralized finance.

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