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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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SBI Holdings subsidiary continues XRP benefit program

SBI Holdings subsidiary Morningstar started its XRP shareholder benefits in 2019.

Morningstar, a financial information services subsidiary of Japanese financial giant SBI Group, will continue its XRP shareholder benefits program.

According to an official announcement Friday, Morningstar has approved year-end shareholder benefits in the form of XRP.

The new dividend payout option comes as part of the company’s year-end reward program to thank its shareholders for their continued support in addition to interim shareholder benefits. Under the program, Morningstar will provide XRP rewards of 2,500 Japanese yen ($23) units per 100 shares owned by shareholders as of March 31, 2021.

The exact amount of XRP offered to shareholders will be determined in accordance to a market price of XRP recorded on June 30, 2021, SBI noted. As part of the initiative, Morningstar will ask shareholders to open crypto accounts via SBI Group’s crypto subsidiary SBI VC Trade.

As previously reported, Morningstar started paying out dividends in XRP back in 2019, offering 30 XRP per 100 shares. Headquartered in Tokyo, the firm is focused on providing financial information and investment research services. At the time of writing, the company’s stock is trading at 493 yen ($4.5), up over 2% over the past 24 hours, with a market capitalization of 44.2 billion yen ($407,000).

Morningstar’s parent firm, SBI Group, has weighed in on paying dividends in XRP cryptocurrency as well, considering launching such a program in 2020. The company has been actively engaged in the development of XRP-based products across its ecosystem, enabling XRP lending on its crypto platform SBI VC Trade in February.

SBI has been supportive of Ripple amid ongoing legal action against the firm in the United States. SBI CEO Yoshitaka Kitao said that Japan is the most likely country for Ripple to move to if it is forced to leave the U.S. 

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