SBI PLANS TO SUPPORT RIPPLE AND ACCELERATE XRP DISTRIBUTION

As the President of the Japanese financial giant SBI Holdings Yoshitaka Kitao said, the Bank plans to support the startup Ripple, increase the adoption of the XRP token and push its course to new heights.

“In the current environment, we are maximizing efforts to use XRP. On the other hand, we will provide investment tools that offer virtual currencies to institutional investors,” the head of the holding said.

Kitao spoke about his belief that Ripple and the XRP token will be able to revolutionize the cryptocurrency industry. He sees a huge potential in the startup and token, and therefore decided to offer his help in promoting this digital asset.

“I don’t see much value in bitcoin. The current price of bitcoin makes its use for practical purposes more and more difficult. So I think XRP will become #1 crypto asset, аnd we want to achieve this,” Kitao said.