SBI Holdings expands XRP rewards for shareholders as Ripple gains traction in Japan, with adoption potentially influencing XRP’s price movements.
By Temitope Olatunji
Edited by Julia Sakovich
Updated
3 mins read
SBI Holdings has announced that eligible shareholders now have the opportunity to receive special benefits. Those holding between 100 and 999 shares, or at least 1,000 shares for less than a year, can choose either 2,000 yen in XRP XRP $2.26 24h volatility: 4.2% Market cap: $131.61 B Vol. 24h: $2.90 B or a selection of health and functional food products from SBI ALApromo Co., a subsidiary of SBI. The company said:
“Shareholder name as of March 31, 2025 We will present you with a coupon code that allows you to receive the cryptocurrency XRP in your account at our subsidiary (SBI VC Trade Co., Ltd.), or a “selection application ticket” that allows you to select and apply for either a product set sold by our subsidiary (SBI ALApromo Co., Ltd.).”
It was stated that shareholders must be Japanese residents, at least 18 years old, and have or be able to create an account with SBI VC Trade Co. to receive XRP. The XRP reward is scheduled for distribution, with an estimated conversion date of July 31, 2025.
The Japan-based financial company has been a firm supporter of Ripple and has already adopted some of Ripple’s solutions for various services, including cross-border payments.
This decision by SBI Holdings to reward its shareholders with XRP as an option further strengthens Ripple’s influence in Japan. According to research by experts in the crypto industry, more than 60 Japanese banks, covering 80% of the country’s banking sector, have partnered with Ripple to enable quicker cross-border transactions.
Continued adoption could affect Ripple’s XRP, potentially causing the coin to rise. Yoshitaka Kitao, the CEO of SBI Holdings, recently stated that he anticipates XRP’s price will soar significantly once the court determines it is not a security.
Gen Abilsav, a crypto commentator on X, shared how XRP price could surge if every bank in Japan adopts the digital asset. He stated that if even a small percentage of banks use XRP for cross-border transactions, demand would increase slightly, potentially pushing its value to $3-$5. Meanwhile, widespread adoption covering half of Japan’s banks could drive higher transaction volumes, potentially raising the price to $10-$25.
Additionally, full adoption — where all Japanese banks integrate XRP for payments and settlements — could elevate its market cap to trillions, with price estimates ranging from $50 to $100 or more. He also suggested that if Japan fully embraces XRP, other countries like South Korea, Singapore, and several European nations could follow, potentially leading to global adoption.
XRP price has been fluctuating between $2.57 and $2.26 since February 5. A break below $2.26 could see the price drop to $1.97, while a break above $2.57 could push XRP to $2.96. The token is currently trading at $2.44 at the time of writing, reflecting a drop of more than 1% in the last 24 hours. However, trading volume has surged by over 49% in the same period, indicating that investors remain actively engaged with the token.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
