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Japanese Used Car Exporting Company Adds Support for XRP and Bitcoin

Mon, 05/09/2022 - 06:26
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Alex Dovbnya
Cross-border ecommerce site "SBI Motor Japan" has started accepting cryptocurrency payments
Japanese Used Car Exporting Company Adds Support for XRP and Bitcoin
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SBI Motor Japan, a Tokyo-based Japanese used car exporting company, has announced that it now accepts XRP and Bitcoin as payment options.

Payments will be settled through SBI VC Trade, a cryptocurrency trading subsidiary of financial giant SBI Group.

SBI Motor Japan is focused on doing business in the African region.  

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In its announcement, SBI Group highlighted growing cryptocurrency adoption in Africa.      

Last March, SBI Motor Japan established its first office in Tanzania.  

As reported by U.Today, Morningstar, a subsidiary of the Tokyo-based financial conglomerate SBI Group, announced that it had extended its XRP benefit program.

SBI Africa says it will continue expanding its support for crypto assets.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.