SBI pays e-athletes with XRP

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Japanese financial group SBI Holdings recently signed contracts with two e-athletes. They receive their salary in the form of the cryptocurrency XRP.

According to a press releaseFrom October 15, 2020, the Japanese company SBI Holdings hired two professional e-athletes

The special thing about it is that SBI pays the salaries of the talents in the form of the crypto currency XRP. The e-athletes Kenji Suzuki and Subaro Sagano would have wished for this in their contracts. Thus, SBI e-Sports not only strengthens its presence in the e-sports scene, but also drives its own crypto growth.

SBI e-Sports was founded in June 2020 and is a subsidiary of SBI Holdings. It seems like the company is looking to take the opportunity to accelerate the adoption of XRP. In September 2020, the company announced a sponsorship deal with SBI VC Trade . The company is pursuing a plan to create a market for digital assets and cryptocurrencies based on the „customer-centric principle“.

SBI: Long been on the crypto course

Even then, the intent of the treaty became clear. It was determined that e-athletes should be paid their annual salary exclusively in XRP. The two new members of the e-sports department announced via social media that we are very happy about their contract. They would do their best to support SBI e-Sports and fuel its growth. They didn’t say a word about the fact that their salary was paid exclusively in XRP.

In addition to e-sports, SBI primarily promotes the use of other crypto products. The company made it clear that its ambitions were far higher, however.

As an innovator creating service companies with the help of crypto assets, we want to develop and maintain a healthy market based on customer focus, improving prices, increasing liquidity, etc.

How serious SBI is with the blockchain can be seen in the fact that the e-sports department announced that it will be issuing its own security token . An offer that would earn the company 50 million yen is expected to close on October 30th.