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SBI and Orico Bring Crypto Redemption to Japanese Credit Cards

Guavy AI Editorial Team
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Japanese financial institutions are integrating cryptocurrency into mainstream credit cards. SBI VC Trade and Orient Corporation have launched a crypto redemption feature on July 31, allowing Orico cardholders to swap their accumulated points for Bitcoin, Ethereum, or XRP through the VCTRADE platform.

The conversion rate is set at 1,200 points for ¥1,000 worth of crypto. This means that users can earn cryptocurrency by using their credit cards for everyday purchases. The partnership between SBI VC Trade and Orient Corporation marks a significant step in mainstreaming cryptocurrency adoption in Japan.

XRP has been a popular choice among Japanese investors due to its practical financial applications. The inclusion of XRP in the redemption program is not surprising, given its strong retail and institutional presence in Japan.

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