SBI Shinsei Bank will allow customers to convert part of their deposit interest into Bitcoin, Ethereum, or XRP, the bank confirmed this week. The move marks one of the first direct integrations of cryptocurrency payouts from a traditional Japanese bank account. Customers can elect to receive a portion of interest earnings in crypto rather than yen, with the conversion handled internally.
What the bank is doing
The program applies to standard deposit accounts, though the bank hasn't disclosed the exact percentage of interest that can be redirected. SBI Shinsei is the latest in a series of crypto-friendly moves by Japanese financial institutions, following regulatory clarity from the Financial Services Agency. The bank already offered crypto custody services through its SBI VC Trade subsidiary. Now it's tying deposit products directly to digital assets.
No launch date for general availability has been announced, but internal testing is underway. The bank said it will support BTC, ETH, and XRP conversions initially.
XRP's price floor in focus
XRP traded near $1.09 on Coinbase in early June, testing a critical support at the 0.786 Fibonacci retracement level. Several analysts are watching that line closely. EGRAG CRYPTO says a monthly close above $1.40 would confirm the bottom was near $1.05. Reclaiming the $1.61-$1.65 zone would signal a bullish recovery; failure could lead to a retest of $0.80 support.
CasiTrades identifies key resistance at $1.19 and $1.27. Rejection there could push XRP toward $0.90-$0.85. ChartNerdTA sees potential for a deeper pullback to $0.70-$0.84 based on Gaussian channel analysis, but notes macro support shows accumulation. Kripto Messi points to XRP Open Interest metrics where moving-average crossovers have preceded major corrections followed by recoveries.
The token's price behavior is influenced by broader market liquidity, Bitcoin dominance, and regulatory clarity. Long-term targets range from multi-dollar to double-digit levels, but breaking out of the current range is the first hurdle.
The bank's crypto interest conversion is a small experiment for now, but it signals a shift in how traditional lenders view digital assets as a payout mechanism. For XRP, the monthly close at the end of June will be the first real test. If it holds above $1.40, EGRAG CRYPTO's bottom call stands. If not, the next floor could be below a dollar.
