Visa Partners with SBI Holdings to Launch Crypto Rewards Credit Cards in Japan

Visa partnered with Japanese financial giant SBI Holdings to launch the SBI Visa Crypto Card on May 1, offering cardholders rewards in Bitcoin, Ethereum, or XRP with zero exchange fees through SBI VC Trade. Users select one cryptocurrency at signup, and reward points from spending automatically convert to the chosen asset monthly. The Gold version provides up to 10% cashback during a launch campaign running through May 31. This partnership represents a significant integration of cryptocurrency into mainstream Japanese consumer finance.

SBI and Visa crypto rewards credit card launch in Japan

• ▪SBI Visa Crypto Card reward points from spending convert into the chosen crypto every month with zero exchange fees through SBI VC Trade.
• ▪The SBI Visa Crypto Card Gold version offers up to 10% back during the launch campaign running through May 31.
• ▪SBI Holdings partnered with Visa to issue the SBI Visa Crypto Card on May 1.
• ▪SBI Visa Crypto Card holders pick one asset from Bitcoin, Ethereum, or XRP at signup.

PEPETO presale token promotion and features

• ▪PEPETO raised $9.5 million from buyers at a presale price of $0.0000001866.
• ▪PEPETO offers PepetoSwap for token swaps and a cross-chain bridge for moving assets between blockchains.
• ▪PEPETO staking pays 176% APY on 420 trillion total tokens audited by SolidProof.
• ▪PEPETO was built by a cofounder behind Pepe and a former Binance leader.

Solana and Cardano market performance and developments

• ▪T. Rowe Price filed an active crypto ETF that includes Cardano.
• ▪Cardano traded near $0.25 on May 2.
• ▪Spot Solana ETFs have pulled close to $1 billion in cumulative inflows.
• ▪Visa and Meta both chose Solana for stablecoin and payment builds.
• ▪Analyst Javan Marks targets $2.91 for Cardano based on a structure that mirrors the setup before the 2021 run.
• ▪Solana traded near $84.22 on May 2 with a market cap of $48 billion.
• ▪Cardano ranks first among all Layer 1 chains in total code commits.

Perspective of SBI Holdings

• ▪SBI Holdings views the SBI Visa Crypto Card as connecting traditional payment systems with cryptocurrency adoption.
• ▪SBI Holdings leverages its SBI VC Trade platform to provide zero-fee crypto conversions for cardholders.

Perspective of Visa

• ▪Visa selected Solana for stablecoin and payment infrastructure development.

Perspective of Japanese cryptocurrency users

• ▪Japanese consumers can now accumulate cryptocurrency through everyday credit card purchases via the SBI Visa Crypto Card.
• ▪The SBI Visa Crypto Card Gold launch campaign offers Japanese cardholders up to 10% cashback in cryptocurrency through May 31.

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