Japan's SBI eSports Team Given the Option to Be Paid in XRP

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Japan’s SBI group will pay its eSports team in XRP, according to an official announcement made on September 30.

  • The SBI e-Sports team signed a sponsorship contract with SBI VC Trade Co
  • Team members will be given the option of being paid in fiat or XRP
  • SBI VC is SBI’s cryptocurrency exchange, which has been granted approval by Japanese regulators to operate in the country
  • The company said that the goal of such deals is to “create and nurture a healthy market based on customer-centricity, improve prices, and expand liquidity”
  • The SBI group is one of Ripple’s biggest backers; SBI Ripple Asia is working on XRP-based solutions for the region

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