Japan’s Aplus Card Launches XRP, BTC, ETH Points Conversion
How can Aplus Card users convert points into cryptocurrency like XRP, BTC, and ETH?
What makes the Aplus Card's new feature unique compared to other point systems?
Could this new feature change the way people interact with cryptocurrency in daily life?

- Aplus enables cardholders to redeem reward points for BTC, ETH, and XRP starting August 21, 2024.
- Missing details on redemption limits raise questions about broad user adoption.
Aplus, a member of the SBI Shinsei Bank Group, makes history as the first credit card provider in Japan to let cardholders use reward points to acquire cryptocurrencies. Starting August 21, 2024, Aplus cardholders can convert their accumulated points into Bitcoin (BTC), Ethereum (ETH), and XRP through a partnership with the cryptocurrency exchange platform SBI VC Trade. The program aims to simplify access to digital assets for users unfamiliar with cryptocurrency, as it facilitates seamless conversions without requiring a direct financial investment.
On July 21, 2024, CoinDesk reported that Aplus customers can exchange 1,000 points for 500 yen worth of cryptocurrency. Users can redeem points through a user-friendly process via the Aplus portal or their SBI VC Trade accounts, a system designed to align with Japanese regulatory requirements. Since cardholders earn 1 point for every 1,000 yen spent and can receive additional bonuses for higher monthly spending, the program provides a low-risk entry point to the cryptocurrency market. In addition, because reward points expire after 2 years, the program encourages users to redeem them within that timeframe.
According to the CoinDesk report, Makoto Kobayashi, senior manager at SBI VC Trade, explained that this initiative is part of a broader effort to integrate digital assets into conventional financial systems, adding that it offers a safe and simple entry point for new cryptocurrency users. SBI Holdings, the financial group behind both Aplus and SBI VC Trade, has been vocal about its commitment to promoting crypto adoption in mainstream financial products.
Despite these advances, critical operational details remain unclear. Chiefly, Aplus has yet to disclose whether it will apply redemption limits or usage restrictions. These unresolved factors could influence the program’s long-term appeal and scalability, as users will likely weigh the convenience against any potential limitations.
The Aplus crypto rewards program highlights a rising trend: the merger of traditional finance with blockchain innovations. By catering to both experienced and novice users, this partnership between established financial firms further positions Japan as a leading market for crypto adoption. However, the lack of clarity around redemption guidelines may affect how widely users embrace the program.
According to the latest market updates on July 21, 2024 at 17:19 UTC, Bitcoin (BTC) was trading at $68,377.55, with its 24-hour trading volume increasing by 10.36%. Meanwhile, Ethereum (ETH) traded at $3,779.60, following a 6.35% increase in its 24-hour volume, and XRP traded at $0.50, marking a 1.85% change over the same period.
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