SBI shareholders to get dividents in XRP terms

Posted 29 August, 2019

Japan-based SBI Holdings is going to pay dividends to its stockholders in XRP terms via VCTrade cryptocurrency platform.

According to the press release unveiled by the company, all shareholders with over 100 stocks will get 30 XRP deposited on VCTrade accounts. The dividends will be paid regardless of the share type. 

For reference, the exchange was launched in 2018. 

The company explained that the application for dividends is accepted until March 31 2020. 

At the same time, SBI spokesperson commented that more details will be unveiled in mid-November.

Ripple, in its turn, remains on the line. Specifically, a group of investors filed a class-action lawsuit against the company citing a violation of the US securities rules. 

Meanwhile, the head of Ripple Brad Garlinghouse claimed that XRP is not a security, while SEC's rules are not considered as the law. Sales of tokens are sid to empower the practical features of the token.

"2/ XRP sales are about helping expand XRP's utility - building RippleNet & supporting other biz building w/XRP ie Dharma & Forte," he said on Twitter.

Despite talks about Ripple, the top-8 US bank PNC reportedly joined RippleNet.

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29 August, 2019 14:25

← Venezuelan crypto regulator promotes use of Petro

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29 August, 2019 12:04

US dollar generally maintains grounds →

In the second half of the week, the US dollar has posted slight changes against the majors. At the same time, the Japanese currency is rising at today's trading in tandem with US state bonds driven by healthy demand for safe-haven currencies. Buying of safe havens is soaring since the market doubts that Washington and Beijing will manage to come to terms in the near term

US dollar generally maintains grounds
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