Ripple Partner SBI Holdings Announces Dividend Distribution Plan for XRP

Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.
  • SBI Holdings Co., Ltd. set the details about shareholder benefit presentation method and time.
  • It was declared that the coupon code was utilized for a specific number of XRP’s exclusively included in the shareholder benefits and the receiving method.
  • Firstly, the shareholders should hold at least 100 shares or less than 1,000 shareholders as of March 31, 2020, or the shareholders that hold 1,000 shares and holding for less than a year.
  • Apart from this, the shareholder benefits comprise of health supplements and cosmetics that are sold by SBI Arapromo Co., Ltd, to all the shareholders, including those who own only fractional shares.

On April 28 2020, SBI Holdings Co., Ltd. set the details about shareholder special benefit presentation method and time. It was declared that the coupon code was utilized for a specific number of XRP tokens exclusively included in the shareholder benefits and the receiving plan.

SBI Set Conditions applied for shareholder benefits

In a shareholder benefit, a coupon code will be given to those shareholders who have chosen XRP, so that they can gain it on their SBI VC Trade Co., Ltd. account. The distribution amounts carry two conditions.

Firstly, the shareholders should hold at least 100 shares or less than 1,000 shareholders as of March 31, 2020, or the shareholders that hold 1,000 shares and holding for less than a year.

Secondly, the shareholders must hold shares for more than one year and have 1,000 or more shares since March 31, 2020, on the list of shareholders.

Other option includes include health supplements 

Apart from this, the shareholder benefits comprise of health supplements and cosmetics that are sold by SBI Arapromo Co., Ltd, to all the shareholders, including those who own only fractional shares.

Meanwhile, the virtual currency XRP can be selected as a shareholder benefit only when the shareholder is a domestic resident who can open or hold an account at the subsidiary company SBI VC Trade Co.

SBI holdings to partner with the second largest bank of Japan Sumitomo Mitsui Financial Group to provide digital banking services on smartphones.

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