SBI launches Japan's first crypto rewards card for businesses
- —Rewards rate is 0.5% on the standard card and 1.0% on Gold, with up to four employee cards
- —Points are auto-converted into BTC, ETH or XRP once a month with no conversion fee
- —Charges go to a corporate bank account; sole proprietors can use a personal account and need a VCTRADE account
- —A campaign through November 30 offers up to ¥31,500 in crypto rewards
Why it matters: Japan's first business-focused crypto rewards card could channel corporate spending into BTC, ETH and XRP.
Source: CoinDesk Japan