Key facts
- SBI Shinsei Bank customers can convert deposit interest into crypto.
- The available cryptocurrencies are Bitcoin, Ether, and XRP.
- The service will begin as a pilot program.
- The launch date for the pilot is June 10.
SBI Shinsei Bank, a prominent financial institution in Japan, is set to introduce a novel feature allowing its customers to convert a portion of their deposit interest into cryptocurrencies. The pilot program, slated to commence on June 10, will offer customers the choice to receive their interest payouts in Bitcoin (BTC), Ether (ETH), or XRP. This initiative marks a significant step in integrating digital assets into traditional banking services within Japan.