While Visa is only announcing the introduction of cryptocurrencies into the lending system in the United States, the Japanese financial giant SBI Group is already taking the first steps in this direction. Users of the subsidiary were allowed to earn on XRP by borrowing their cryptocurrency for up to 84 days.
Such lending was made possible by a subsidiary of the Japanese financial giant, which included the XRP asset in the lending system. The essence of the new feature is the ability to give away their digital assets for temporary use and receive a percentage for their use. Despite this function being new in the cryptocurrency market, this practice has long existed in many areas of activity, for example, “royalties” for the use of intellectual property rights.
SBI Group reports that the annual interest rate of the XRP cryptocurrency is 0.1% after taxes. Call to mind that the Japanese company in mid-2020 introduced lending using cryptocurrency – users could make deposits in bitcoins. Such an expansion was predicted at the end of 2020, and the Japanese company was not afraid of Ripple’s problems with a lawsuit from the Securities Commission.
Such a fruitful cooperation will positively affect both the XRP token and the cryptocurrency market as a whole. This news proves that the position of the cryptocurrency continues to strengthen in stock markets around the world. And the addition of such features and announcements, such as Visa software, makes digital assets an increasingly flexible financial instrument.
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.