Japan Offers to Exchange Credit Card Rewards for Cryptocurrency

The Japanese financial company SBI Group now allows users to purchase BTC, ETH, and XRP using reward points accumulated directly on their credit cards.

So far, the experiment is limited in scope: users can participate with purchases up to $15. However, SBI's decision may indicate a growing interest among Japanese corporations in cryptocurrencies.

Buying cryptocurrency with a credit card is far from a new idea. Several major Web3 companies are developing this new trend. For example, a similar product can be found in Bitget Wallet. Additionally, one of the largest cryptocurrency exchanges, Coinbase, is collaborating with Amex to launch its own cryptocurrency credit card.