SBI Group, a Japanese financial services company, is allowing users to purchase $BTC , $ETH , and $XRP with credit card points. Credit card companies are currently integrating cryptocurrencies around the world.
For now, this experiment is on a very small scale, as it only allows purchases under $15 at a time. Still, SBI's decision may reflect a growing pro-crypto sentiment among Japanese corporations.
Japan Puts Crypto on Credit Cards
Buying cryptocurrencies with credit cards is nothing new, and several major Web3 companies have recently joined the trend. Coinbase is partnering with Amex to launch a credit card, and Bitget Wallet is doing something similar.
Japan's faltering economy has encouraged investment in cryptocurrencies, and SBI's credit card subsidiary is joining the trend. Many Japanese companies are investing heavily in cryptocurrencies, and this phenomenon could even lead to more crypto-friendly regulations.
In other words, even if the credit card redemption scheme itself is small-scale, it reflects crypto sentiment in Japan's corporate sector. Signals like this could eventually represent monumental market trends.
