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SBI Holdings CEO Co-signed Relationship Between Ripple And I-Remit

The CEO of SBI Holdings, one of Asia’s largest financial conglomerates, announced today an extended relationship between Ripple and I-Remit.

Yoshitaka Kitao, the head of SBI Holdings, was most likely pleased with the latest success of Ripple, of which he was a board member until recently.

The two businesses’ growing partnership will focus on boosting cross-border payment transactions and processing using On-Demand Liquidity (ODL) technology.

Since 2019, the banker has been planning the integration of XRP into the banking system in Japan and other countries where SBI operates. As a result, Asia remains a significant location for Ripple, which uses XRP in its ODL corridor transactions, which fits nicely with Kitao’s ambitions.

Tokyo-based financial services company, SBI Holdings has indicated its intention to deploy the Ripple payments network across Japan to make ATM access easier in 2020.

Ripple was recently reported to be trying to grow its network in Japan, a country with the potential for the blockchain industry.

Despite being entangled in a lawsuit with the SEC, the current data shows that the company has the advantage to win the case.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.