Ripple has been working really hard to promote its products, and the San Francisco-based company made a lot of efforts to boost the whole XRP ecosystem as well.
XRP is in the spotlight these days following the latest reports.
SBI Holdings to use XRP, according to the latest reports
It’s been reported that the Japanese financial giant SBI Holdings is planning to use the crypto in order to power global payments.
During a new speech during the FIN/SUM, 2019 conference in Tokyo – translated by independent Ripple and XRP researcher Crypto Eri – SBI CEO and Ripple board member Yoshitaka Kitao said that the company “will use the virtual currency XRP for remittance.”
Kitao also said that the company’s mobile money transfer app MoneyTap would use the digital asset XRP.
The app is fully licensed by Japanese regulators.
“He is saying, as a first-tier public company on Tokyo exchange (blue chip) XRP will be utilized in MoneyTap. Not all the banks in the consortium are strong in cross-border remittances but also, he announced Ripple would become a shareholder in MoneyTap.”
Hi Alex. He is saying, as a first tier public company on Tokyo exchange (blue chip) XRP will be utilized in MoneyTap. Not all the banks in the consortium are strong in cross-border remittances but also, he announced Ripple will become shareholder in MoneyTap.
SBI is currently working in order to toll out MoneyTap to a banking consortium that is led by SBI Ripple Asia that includes 61 banks covering more than 80% of all the banking assets in Japan.
Mr. Kitao Finsum yesterday "We will use the virtual currency XRP for remittance" & “We are focusing on making Moneytap into the Group's flagship product. We are going to have various relationships with Ripple in the US, and this alliance is very significant.” More in coming video
An analyst called Pentoshi predicted “firework incoming” for the crypto and said that it touched a historic level of support on Poloniex that is dating back to 2014.
At the moment of writing this article, Ripple’s digital asset is trading in the green on CMC, and the coin is priced at $0.263182.
In other news, Ripple CEO Brad Garlinghouse decided to address some of the speculations and accusations that are floating around Ripple and XRP once again, especially the ones saying that Ripple holding XRP affects the digital coin’s price.