Aplus, a credit card service under Shinsei Bank Group, has partnered with SBI VC Trade to allow the use of cryptocurrencies in its rewards program, adding XRP, Bitcoin, and Ethereum.
Cryptocurrencies in the Aplus Program
Aplus has taken a step towards cryptocurrency integration in its rewards program. Cardholders can now redeem 2,100 Aplus Points for ¥2,000 worth of cryptocurrencies, with points earned for every ¥200 spent.
Support from SBI VC Trade
SBI VC Trade, a digital asset exchange, played a key role in the implementation of this feature. SBI Holdings, one of Japan's leading financial institutions, has long supported XRP and Ripple technologies, enhancing trust in this initiative.
XRP's Influence in the Japanese Market
The inclusion of XRP in Aplus’s program highlights its established position in the Japanese financial market. Japan offers a clear regulatory framework for cryptocurrencies, allowing XRP to thrive in both retail and institutional segments.
The initiative to integrate cryptocurrencies into traditional financial systems opens new avenues for the digital asset market in Japan and may influence international practices.
