Japan’s SBI is using XRP to solve a banking problem

Japan’s SBI is using XRP to solve a banking problem

SBI Shinsei Bank is reportedly offering crypto deposit rewards to customers, with vouchers worth 20% of their interest payments redeemable for BTC, ETH, or XRP through SBI VC Trade.
A three-month campaign launched on June 10, with a broader rollout planned for fall, covering ordinary deposits and time deposits from three months to five years, roughly 4.33 million individual accounts.
The mechanics reveal SBI using digital asset vouchers to make a conventional yen deposit stickier at a moment when Japanese savers have real alternatives for the first time in decades.
The Bank of Japan’s policy rate now sits at 0.75%, the highest level in decades, with three board members on record in favor of 1.0%.
A Reuters poll published June 10 found that 94% of economists expected the BOJ to raise the rate to 1.0% by the end of June, with over 75% projecting 1.25% by the fourth quarter.
Japan’s loan-to-deposit ratio reached 65.7% by September 2025, its highest point since March 2020, as banks face mo

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