One of Japan’s premier banking services, Strategic Business Innovator Group [SBI Japan] has launched a virtual currency portal. As proposed earlier, the firm launched its exchange this summer. After their discussion with Ripple, they launched this blockchain platform based on XRP in January this year.
Strategic Business Innovator Group is a financial services company group based in Tokyo, Japan. According to the reports by Business Insider Japan, the firm has confirmed to offer blockchain platform for trading major cryptocurrencies such as Bitcoin [BTC], Ethereum [ETH], Bitcoin Cash [BCH], and Ripple [XRP], according to a report by Business Insider Japan.
This marks the entry of Japan’s largest firm into the crypto-world. During the launch, XRP token will be given more importance as indicated by the “About” page. The launch of the platform by SBI and Ripple could bring about a significant change in Japan’s cryptocurrency space.
According to Yoskitaka Kitao, President and CEO of SBI holdings, one of the company’s subsidiaries handle over 4 million brokerage accounts.
CEO Yoshitaka Kitao stated, “When we do it, it will be number one in the blink of an eye so quickly, so even if a tremendous number of customers come, we can build a system that can bear [the workload].”
He further added, “XRP has a very clear use-case. It is faster, cheaper and more scalable than any other digital asset. I strongly believe it will become the global standard in digital currencies.”
On Ripple, Kitao stated that XRP has a very clear use-case, saying “XRP is faster, cheaper and more scalable than any other digital asset. I strongly believe it will become the global standard in digital currencies.”
The exchange promises to offer reliability, speed, and transparency, combining the knowledge of SBI Group and the security along with a “world-class matching engine.”
the combination of SBI Japan and Ripple is expected to provide users with a much safer, transparent and faster trading platform.
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