Japan's SBI Shinsei Bank pilots converting deposit interest into mainstream cryptocurrencies

According to CoinDesk, Japan's SBI Shinsei Bank will launch a pilot program on June 10, allowing customers to convert part of their deposit interest into BTC, ETH, or XRP.

The plan, titled "Interest Conversion," aims to introduce crypto assets into traditional deposit products, allowing users to gain exposure to cryptocurrencies without directly purchasing them. This initiative will proceed in a small-scale pilot form, with further expansion depending on customer participation and the regulatory environment.