SBI Holdings subsidiary to pay shareholder dividends.
September 9, 2019
SBI Holdings subsidiary to pay shareholder dividends.
September 9, 2019

SBI Holdings subsidiary, Morningstar Japan announced on Aug 29th  that it will pay dividends to its shareholders in XRP tokens. Morningstar Japan is a subsidiary of Japan’s giant financial service, SBI Holdings.

According to the company statement, if its shareholders hold a minimum share of 100 by September 30th  the company will offer 30 XRP. It doesn’t matter how many shares they hold.

XRP is the third-largest cryptocurrency in the world by its market capitalization.

The announcement was made in an effort to increase the dividend of shareholder interim. One XRP Coin was trading at $0.25 at press time.

“Virtual currency is already used globally in various situations such as settlement, remittance, and operation, and in particular, the practicality of virtual currency XRP, which is used for efficient global remittance, will further increase in the future. As a result, we believe it will be one of the important asset classes in asset management,” Morningstar said.

Ripple and SBI made a partnership last year on a payment application app based on blockchain called MoneyTap with the venture “SBI Ripple Asia”.

ALSO READ :  Tether Receives Request From Prosecutors For Asking Consolidation

Shareholders need to have an account in cryptocurrency exchange SBI VC Trade. Deadline for the “shareholder special offer” is set on 31st March 2020.


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is a regular publication of information, analysis, and commentary focused primarily on blockchain technology and business, cryptocurrency, blockchain-based tokens, market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any security.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

You May Also like

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain and decentralized apps.
Share This

Share This

Share this post with your friends!