SBI Holdings’ CEO said Ripple will be The Global Standard

Nishanth Shetty

June 28, 2018 2:57 pm

Ripple News

SBI Holdings' CEO said Ripple will be The Global Standard | Coindelite News
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The Representative Director and CEO of SBI Holdings and Blockchain supporter Mr. Yoshitaka Kitao said at the Japan Blockchain Conference that “using XRP can create a more efficient world.”

He was the guest speaker at One of Japan’s largest blockchain conferences which named Japan Blockchain Conference. The event happened in two days, on 26, 27 June. More than 10,000 visitors and over 100 companies around the globe will be attending the biggest blockchain conference in Japan. The event was organized by the Global Blockchain Council and was held at the Tokyo International Forum.

SBI has recently partnered with Ripple and launched their own cryptocurrency powered by Ripple (XRP). They are also going to list Ripple and other Virtual Currency on their platform. SBI holdings’ cryptocurrency exchange is now live for a limited number of customers with a few numbers of cryptocurrency users. The bullish statement of the CEO has made some investors inspiring.

Recently, Ripple CEO Mr. Brad Garlinghouse said Coinbase should add XRP and insisted that XRP exists independent of Ripple and even if the company Ripple labs failed. XRP would survive as a digital currency. Besides, Brad Garlinghouse noted that XRP tokens have a technological purpose of settling transactions between institutions and individuals as a utility currency, unlike stocks and traditional securities.

He said:

“As we resolve problems at scale for institutions, I think it’s in Coinbase’s interest to participate in that. I think it’s evident that XRP is not a security. XRP exists independent of Ripple, and it would operate even if Ripple Labs failed. I don’t think that our ownership of XRP gives us control. Saudi Arabia owns a lot of oil that doesn’t give them control of oil.”


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