SBI Virtual Currency Platform, In Partnership With Ripple (XRP), Will Launch This Summer

Ripple (XRP) is doing pretty good in cryptocurrencies markets as it gained 8% today. However, it rebounded to $0.90 but is still recording a 2.26% gain in the last 24 hours. However, SBI Virtual Currency platform has just been announced to be launched during summer. The company thinks XRP is the most innovative cryptocurrency at least in terms of the improvements it can bring to the banking and remittance institution cross-border transactions.

SBI Holdings former CEO Yoshitaka Kitao, now the President of Premium Financial Services Co., is convinced that with the institution’s commercial initiative, once the company’s cryptocurrency exchange platform is rolled out during the summer, Ripple (XRP) would rank first in terms of trading.

When we do, it will be number one in the blink of an eye so quickly, so even if a large number of customers come, we can build a system that can handle it. We have to look for security thoroughly.

Yoshitaka Kitao, ex-CEO of SBI Holdings, actually President of Premium Financial Services Co.


SBI Virtual Currency platform, in partnership with Ripple (XRP), will be launched this summer

Both Yoshitaka’s actual company and the SBI Holdings are acutely conscious that the overall volume of cryptocurrency transactions has been cut in half from December 2017. They are very hopeful in that they will dominate the Japanese cryptocurrencies markets in a way that is secure for crypto holders.

This would follow the outrageous hacking of Coincheck after which more than $500 million in NEM (XEM) has been stolen, in Nem (XEM), by hackers and which had the Japanese cryptocurrencies regulators seek solutions from the Japanese cryptocurrency exchanges. Thus, the challenge both Premium Financial Services Co. and SBI Holdings are embarking to is huge.

Also noteworthy is that Yoshitaka Kitao was very bullish regarding Ripple (XRP) as SBI Holdings entered into a collaboration with the Ripple group in January 2016. SBI Holdings has been in business since 1999 and has spearheaded Internet-based payments and financial solutions. Not surprisingly, the company has been the first ever to associate with the Ripple company.

SBI is committed to delivering financial services in the equity, banking, securities, insurances and now cryptocurrency exchange services, as the long-awaited SBI Virtual Currency platform has just been released in partnership with Ripple (XRP).

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About the Author: Anna Galvez

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