Japan-based bank Shensei Bank now offers new and existing customers Ripple (XRP) for utilizing their services. The bank unveiled the campaign on Aug. 10, which will run until Oct. 31.
According to the bank, new and existing customers can earn up to 8,000 Japanese Yen ($60) worth of Ripple (XRP) when they conduct various services on the platform. These services include opening an account, first-time login into the Bank’s portal, making your first deposit, etc.
For example, opening a new account with Shensei Bank will award users a 500 yen ($3.72) coupon. Performing inter-bank transfers will see the customer earn up to 2,500 yen ($18.86). The cash coupons are redeemable in a user’s email, and are redeemable in both XRP and Bitcoin (BTC).
Ripple Labs has built a large reputation as a crypto asset in Japan and throughout Asia. The company continues to face battles with the SEC in the United States that dates back to December 2020. However, Ripple has expanded largely in Asia, even being adopted by popular Japanese financial giant SBI Holdings.
It’s unknown if Shensei Bank will adapt any other cryptocurrency as a reward for various actions as a Shensei member. The campaign is another step forward to making crypto a much more significant aspect of banking in Japan, with Shensei Bank being one of the biggest in the country.