Jack21 193 Posted February 4 Share Posted February 4 Another day, another good news https://coingape.com/ripple-partner-sbi-holdings-launches-xrp-lending/ Noep, MrrXRP, DarthTrader and 2 others 4 1 Link to post Share on other sites
thinlyspread 3,475 Posted February 4 Share Posted February 4 Does this mean that XRP is now a security of SBI? Link to post Share on other sites
Scout 285 Posted February 4 Share Posted February 4 (edited) No I think it means it’s a stable coin you can buy and lend to others to gain a 1% return on up to 100,000 tokens. Since the token has no real value at least you can earn other ways. A 1 percent return is a much better return than waiting for xrp price action. Edited February 4 by Scout panmores and High_Loller 2 Link to post Share on other sites
xrp_sea 600 Posted February 4 Share Posted February 4 2 hours ago, Scout said: No I think it means it’s a stable coin you can buy and lend to others to gain a 1% return on up to 100,000 tokens. Since the token has no real value at least you can earn other ways. A 1 percent return is a much better return than waiting for xrp price action. It's 0.1% annual interest. Scout 1 Link to post Share on other sites
Barefooter 27 Posted February 4 Share Posted February 4 18 minutes ago, xrp_sea said: It's 0.1% annual interest. Yeah that doesn't seem like it would be worth the risk. panmores 1 Link to post Share on other sites
henne111 60 Posted February 4 Share Posted February 4 0.1% annual interest. Isn't that a little too little? Link to post Share on other sites
brianwalden 3,944 Posted February 4 Share Posted February 4 18 minutes ago, xrp_sea said: It's 0.1% annual interest. That article isn't written well. Lower down it says the fee is .1% which seems more reasonable than the interest rate. Also is this actual DeFi? I would guess it's centralized. Link to post Share on other sites
xrp_sea 600 Posted February 4 Share Posted February 4 4 minutes ago, brianwalden said: That article isn't written well. Lower down it says the fee is .1% which seems more reasonable than the interest rate. Also is this actual DeFi? I would guess it's centralized. There's a Coindesk article on this topic that is written better. Link to post Share on other sites
tulo 3,332 Posted February 4 Share Posted February 4 It's 0.1% interests. Useless. And as always it comes after BTC. They are offering since november BTC lending @ 1% interest rate. Link to post Share on other sites
richxrp 440 Posted February 5 Share Posted February 5 22 hours ago, henne111 said: 0.1% annual interest. Isn't that a little too little? Japan is currently in a negative interest rate environment.. so any positive interest rate is much better than what's available. https://tradingeconomics.com/japan/interest-rate Quote The Bank of Japan left its key short-term interest rate unchanged at -0.1% and maintained the target for the 10-year Japanese government bond yield at around 0% during its January meeting by a 7-1 vote. Link to post Share on other sites
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