XRP Giveaway Announced by SBI VC Trade Amid New Account Opening Campaign

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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.
  • Recently, the SBI’s virtual currency exchange SBI VC trade announced that it has started a new account opening campaign.
  • However, this is the first attempt at the SBI VC trade to organize a campaign based on opening a new account.
  • With reference to the account opening, the company has started ‘online identity verification’ that is eKYC.

Recently, the japan based virtual currency exchange SBI VC Trade announced XRP Giveaway for a new account opening campaign.

50 XRP Reward For All New Accounts

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The company further revealed that it will carry out a campaign to gift 50 XRP to those customers who have opened a new account. This campaign will commence from June 1st to September 30.th

However, this is the first attempt at the SBI VC trade to organize a campaign based on opening a new account. The SBI Virtual Currency Services begins in June 2018. It created “VCTRADE Pro” in July 2019, to offer the exchange function.

With reference to the account opening, the company has started ‘online identity verification’ that is eKYC. By using the eKYC option, the user can complete the account opening with a smartphone at the end of April.

SBI VC Trade has not organized any big campaign as an exchange

Until now, SBI VC Trade has not organized any big campaign as an exchange. Due to the revision of Gold and Commercial Law on May 1, the platform might go for full-scale activities as a virtual currency exchange.

SBI Holdings is Japan’s biggest financial firm that strengthens collaboration with Ripple. The two ventures have worked very actively in the past. In the joint venture SBI Ripple Asia, SBI Holdings was an active partner of Ripple. Though, it was created to promote XRP in Asian markets.

Moving on, Ripple has recently announced the launch of RippleNet Cloud. It is a cloud-based payment solution offered by Ripple. This move by Ripple is to support banks and financial institutions plug into Ripple’s network without spending money or hardware.

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