Aplus card customers in Japan can now exchange reward points for cryptocurrencies like Bitcoin, XRP, and Ether, opening up an easy and safe way to access crypto.
The program for directly exchanging reward points into cryptocurrency allows users to avoid capital investment, leveraging daily spending to acquire digital assets while ensuring compliance with laws and tax obligations in Japan.
MAIN CONTENT
Aplus is the first rewards system in Japan that allows direct exchange of points for cryptocurrency.
Users can exchange 2,100 points for more than 2,000 yen in cryptocurrency such as Bitcoin, XRP, Ether.
The program targets those who have never owned crypto, with low financial risk and simplified management processes.
How does the Aplus card allow the exchange of reward points for cryptocurrency?
According to statements from Makoto Kobayashi, senior manager at SBI VC Trade, this program is designed to create a safe opportunity for newcomers to access cryptocurrency without direct capital risk or complex trading operations.
Customers earn reward points when spending through the Aplus card, which can then be exchanged for BTC, XRP, or ETH via the Aplus portal or using an account on SBI VC Trade. The average exchange is 2,100 points for over 2,000 yen, approximately 300 to 350 thousand VND.
Using reward points as a means to access cryptocurrency helps new users avoid risking cash or dealing with complex exchanges.
Makoto Kobayashi – Senior Manager, SBI VC Trade, 2024
How are Aplus card reward points accumulated and used?
Aplus card users earn points at a rate of 1 point for every 200 yen spent. If they spend 50,000 yen or more in a month, they receive an additional 0.5% promotional bonus points. Points have a validity period of up to 2 years from the date of accumulation, providing flexibility for customers in redeeming rewards.
This helps users not to feel pressured to exchange points too quickly, allowing them to accumulate points and choose to exchange for cryptocurrency when it makes sense, while still retaining traditional benefits like cash, gifts, or flight miles.
What are the limits and legal obligations of the point exchange program for crypto?
Although exchanging points for cryptocurrency does not require capital investment, users must still comply with Japanese legal regulations such as tax obligations on profits from cryptocurrencies. Under Japanese law, if Bitcoin or other cryptos exchanged appreciate before sale, the owner must declare and pay taxes.
Users can hold assets on the SBI VC Trade platform or transfer them to a private wallet but must ensure safe management. Currently, the limits on the frequency of point exchanges per month or the minimum amount are still unclear.
Issues regarding the frequency and limits of point exchanges for cryptocurrency will significantly affect the usage level and development of this program.
Makoto Kobayashi – Senior Manager, SBI VC Trade, 2024
Benefits and limitations of the point exchange program for cryptocurrency in Japan
The exchange rate of about 2,000 yen in cryptocurrency may not attract large investors due to the low value. However, this is the easiest way for newcomers to experience crypto without financial risk or complex knowledge about Blockchain.
This expands the cryptocurrency user base based on daily spending habits. At the same time, integration with SBI VC Trade ensures transparency and safety in transactions, in accordance with Japanese regulatory oversight.
Comparing the advantages of the Aplus point exchange program with traditional systems
Criteria Traditional Rewards System Aplus Point Exchange Program for Crypto Type of reward exchange Cash, gifts, flight miles Cryptocurrency (XRP, BTC, ETH) Cash investment requirement No No Suitable audience Regular users Newcomers to cryptocurrency Financial risk Low Low, no capital risk Technical requirements Low Low, easy to use through wallet or exchange
Frequently Asked Questions
Does the point exchange program for cryptocurrency apply to all Aplus customers?
The program is available to all Aplus card customers in Japan but still requires an account on the Aplus or SBI VC Trade portal to exchange points for cryptocurrency.
How many times can users exchange points for crypto in a month?
Currently, the policy on the number of point exchanges per month has not been clearly published by Aplus; customers should wait for further announcements from the program.
Does the value of reward points exchanged for cryptocurrency decrease?
The value of cryptocurrency fluctuates according to the market, so points converted to crypto may increase or decrease in value depending on price volatility; users should carefully consider before exchanging.
Do users have to pay taxes when holding or selling cryptocurrency exchanged from reward points?
According to Japanese regulations, all profits from cryptocurrency must be declared for tax purposes, including crypto received from reward point exchanges, so users need to comply with tax obligations.
Is technical knowledge required to use this program?
No in-depth knowledge of blockchain is required; just understanding how to use the card and access the point exchange portal or SBI VC Trade platform is enough to participate easily.
Source: https://tintucbitcoin.com/aplus-card-nhat-doi-diem-thanh-tien-ma-hoa/
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