Japanese financial and investment banking giant, SBI Group has announced plans to reward its shareholders with end-of-the-year benefits in cryptocurrency, more specifically with XRP.
According to the official press release shared by the company, the move to pay the accrued benefits in XRP is to let the shareholders have a deeper understanding of SBI Group’s business, and also encourage them to hold their shares medium to long term.
To qualify for the reward, shareholders must hold at least a unit of the company’s shares, equivalent to 100 shares, a requirement that must be met latest by the 31st of March, 2021. The company noted that the number of crypto assets (virtual currency) XRP to be presented will be determined at the price as of 17:00 on June 30, 2021. (Rounded down to the nearest 1XRP).
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