Morningstar’s Generosity: XRP Dividends Return
In an exciting move for shareholders, Morningstar has announced that its XRP shareholder benefits program is alive and kicking. As of the recent Friday announcement, investors can look forward to receiving dividends in the form of XRP yet again. If you thought money in your wallet was good, wait until you see how cryptocurrencies can spice up your portfolio!
How Much XRP You Ask?
Here’s the juicy part: each shareholder is set to receive rewards equivalent to 2,500 Japanese yen, or around $23, for every 100 shares owned as of March 31, 2021. That’s like finding an extra slice of pizza at a party! But don’t get too excited just yet. The actual amount of XRP you receive will be based on the market price recorded on June 30, 2021. So, make sure to keep your eyes on those fluctuating crypto values!
The Crypto Account Requirement
In a somewhat plot twist, Morningstar has made it clear that shareholders will need to open crypto accounts through SBI Group’s subsidiary, SBI VC Trade, to access their XRP rewards. Guess it’s time to dive into the crypto world, folks!
A Quick History of XRP Dividends
Let’s take a stroll down memory lane! Morningstar isn’t new to this game. Back in 2019, they started offering XRP as dividends, with an initial payout of 30 XRP for every 100 shares. Talk about a trendsetter! At the moment, Morningstar’s stock is trading around 493 yen ($4.5), showing a positive trend as it’s risen over 2% in the last 24 hours.
Ripple’s Close Ally
In case you’ve been living under a crypto rock, SBI Group is not just any parent firm—it’s been a staunch supporter of Ripple, especially amid the ongoing legal drama in the United States. SBI CEO Yoshitaka Kitao has even hinted that if Ripple ever has to leave the U.S., Japan is their safest bet. To put it simple: Ripple and SBI are like peanut butter and jelly in the sandwich that is the cryptocurrency market!
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