SBI e-Sports, a subsidiary of Japanese financial services giant SBI Holdings, has recruited two esports players for its professional team, and is ready to pay them their full salaries in XRP, the fourth-largest cryptocurrency by market capitalization.
In two separate announcements, SBI e-Sports revealed that it recruited two of the best gamers: Subary Sagano, known as Mickey, a Kenji Suzuki, known as Ken in the video game world. Both players will receive their full salaries in cryptocurrencies according to their own wishes.
CryptomonedaseICO says that the option to receive a payment in XRP for SBI e-Sports players comes after the company signed a sponsorship agreement with SBI Holdings’ venture capital arm, SVI VC Trade. The move brought XRP to the burgeoning eSports scene and will see SBI e-Sports players have the SBI VC Trade logo on their uniforms.
As also reported CryptomonedaseICO that SBI e-Sports has professional teams, coordinates with the industry media and provides consulting services for the industry. The purpose of the endorsement deal is apparently to help reinforce SBI Holdings’ brand recognition.
It’s worth noting that SBI Holdings is a known supporter of XRP, so much so that earlier this year it gave its shareholders the option to receive XRP as a profit.
The crypto-friendly financial institution allowed shareholders with 100 to 1,000 shares on record as of March 31, 2020, or shareholders with more than 1,000 shares for less than a year to choose a profit of 2,000 yen in XRP ($ 18) or a selection of health products.
Holders who had been on the registry for more than a year with more than 1,000 shares were eligible for 8,000 yen in XRP ($ 74). The benefit was restricted to shareholders residing in Japan.
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