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HomeCrypto NewsMarketJapan-Based Shensei Bank Launches Ripple (XRP) Rewards For New and Existing Customers

Japan-Based Shensei Bank Launches Ripple (XRP) Rewards For New and Existing Customers


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Customers will earn up to 8,000 yen for conducting various services at the bank. 

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A leading Japanese bank, Shensei Bank, is offering its users the opportunity to earn Ripple (XRP) rewards when they utilize its services. 

The move is a campaign flagged off by the bank yesterday and will run until October 31, 2022. According to the bank, new and existing customers can earn up to 8,000 Japanese Yen ($60) worth of Ripple (XRP) when they conduct various services on the platform. 

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Some of the services that qualify Shensei customers for XRP rewards include opening an account, making the first deposit, first-time login to the portal, etc. 

For instance, a customer will be rewarded with a 500 yen ($3.72) coupon when the user opens a new account. However, performing inter-bank transfers will see the customer earn up to 2,500 yen ($18.86).  

Notably, users will be given cash coupons via email. The coupon will be redeemable only in XRP and Bitcoin (BTC). 

It is not surprising to see Shensei Bank add XRP to the list of crypto assets its customers can use to redeem their cash coupons. Over the years, Ripple has built a solid reputation for itself in the country.

Ripple’s offerings have been adopted by popular Japanese financial giant SBI Holdings. SBI uses Ripple’s ODL solution for cross-border settlements.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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