Ripple/XRP: The End Game: Dread it, Run from it, XRP still arrives
SBI Holdings has strategically placed itself with partnerships, to stay at the forefront of the crypto/blockchain revolution. The partnerships mainly include companies, Ripple and R3, with the inclusion of Swift in specific situational condition.Japan, when compared to its neighboring countries like China or India, is lagging when it comes to payment and FinTech technologies, but SBI CEO, Yoshitaka Kitao is planning to level the playing field.The Japan bank consortium, led by SBI Ripple Asia, is comprised of 61 banks covering more than 80% of all banking assets in Japan. MoneyTap has the potential to reap the benefits through Japan bank consortium to have a major reach in all of Japan.Leveraging partnership with Ripple, SBI Holdings, created an application called “MoneyTap” which makes use of Ripple’s blockchain technology – xCurrent. The application has reduced friction and changed how money moves between people and banks.S Coin Platform which makes use of Orb DLT can be used to issue many types of digital currencies, which can then be used for settlement methods, including cryptocurrency or prepaid electronic money.Furthermore, SBI’s CEO Yoshitaka Kitao has been saying it time and again that XRP will triumph when it comes to payments and has a dream of achieving a superior payment system for Japan utilizing Ripple, R3, and XRP, and he plans to do it before the Osaka Expo 2025.