Japanese-based financial juggernaut SBI Holdings has announced the partnership between its subsidiary SBI eSports with VC Trade Co. Limited. This partnership enables the SBI eSports players to receive XRP as their wage.
As stated on its press release,
[They] aim to create and nurture a healthy market based on customer-centricity, improve prices, expand liquidity, etc.
With SBI VC Trade’s involvement, SBI eSports intends to provide credible services by adding a flexible experience and user base as one of the largest successful electronic sports giants in the industry.
As agreed upon, SBI VC Trade’s official logo, uniforms, and more will be listed on the SBI eSports website. The exhibition of the above on their site signifies the company’s dedication and commitment to supporting the ever-challenging activities of the players.
Alongside the intuitive support that SBI VC Trade provides, SBI eSports plans to build and offer a strong team that will be loved by fans and attracts the attention of the world to follow this new sports competition.
Based on the aforementioned innovations by both parties, SBI eSports aims to be a curated financial hub in the eSports industry, not only to Japan but the world at large.
Also, SBI VC Trade will prioritize releasing a cold wallet, an anonymous and highly privacy-oriented digital wallet, and a mobile app to improve customer convenience. Thereafter, the Cool X Wallet and VCTRADE SP will be launched.
SBI Holdings is one of the biggest investors of Ripple since 2016. By utilizing XRP, this will strengthen and incentivize the non-crypto gamers to further partake in digital currencies over fiat money.