Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Financial Giant SBI Launches XRP Lending Service

by Daily Hodl Staff
February 5, 2021
in Ripple and XRP
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

Japanese financial services giant SBI Holdings is adding XRP to its cryptocurrency lending service.

In a new press release, SBI reveals XRP holders can now earn interest by lending their crypto assets to its VCTRADE cryptocurrency exchange platform.

ADVERTISEMENT

“Today, we have started handling XRP in the rental crypto asset ‘VCTRADE LENDING’ service.

By lending the XRP owned by the customer to us, you can receive the usage fee according to the quantity and period of the loan.”

XRP holders can lend a minimum of 1,000 units of the crypto asset and a maximum of 100,000 for a period lasting 84 days. An interest rate or usage fee of 0.1% per year will be paid to XRP lenders.

SBI launched its crypto lending service in November of 2020, with Bitcoin as the lone supported cryptocurrency at the time.

The minimum amount of Bitcoin that users can lend is 0.1 BTC while the maximum is 5 BTC.

As is the case with XRP, the lending period for Bitcoin is 84 days. But unlike XRP’s annual rate of 0.1%, Bitcoin yields 1% per year for lenders.

Ripple and SBI are longtime partners. The Tokyo-based firm invested in the San Francisco payments company back in 2015.

The inclusion of the fifth-largest cryptocurrency by market cap to VCTRADE’s lending platform comes days after XRP creator Ripple completed an investment in blockchain payments firm MoneyTap, an SBI Holdings subsidiary.

Ripple will now control a 33% stake in MoneyTap. MoneyTap uses RippleNet (Ripple’s enterprise blockchain solution) for global money transfers.

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

ADVERTISEMENT


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Olga Salt

Submit a Press Release

Crypto Livewire – Press Releases

  • Mogul Brings NFTs and DeFi to the Film Industry, Announces Access Pass Sale
    March 5, 2021
  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$48,985.00
$48,985.00
4.51%
Ethereum
$1,545.31
$1,545.31
4.34%
Binance Coin
$226.91
$226.91
2.22%
Polkadot
$33.91
$33.91
0.08%
Cardano
$1.17
$1.17
10.31%
XRP
$0.457718
$0.457718
0.81%
ADVERTISEMENT

Spotlight

  • After XRP and Litecoin, Flare Plans To Bring Smart Contract Functionality to Stellar
    February 28, 2021
  • Investors in Top Crypto Asset Chainlink Can Now Earn Interest on Their Holdings
    March 4, 2021
  • Top Analyst Predicts Two Altcoins Will Outperform the Rest As Bitcoin and Crypto Markets Recover
    March 2, 2021
  • Coinbase Names Bitcoin Creator Satoshi Nakamoto As Potential Risk to Its Business
    February 27, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.