Ripple’s partner SBI Japanese financial giant highly supports crypto adoption especially with one of their latest achievements.
They’re currently preparing to launch the new crypto exchange VCTRADE. This will be officially launching in March, but deposits and withdrawals for Bitcoin, XRP, and Ethereum are already up and running.
The platform is currently preparing to enable trading.
Supporting the XRP mainstream adoption
Sbi Holdings CEO says that they are currently working to support XRP mass adoption and they want to help XRP become the world’s biggest token.
During a brand new interview with the Japanese crypto outlet Coin Post, Yoshitaka Kitao said that he believes that Ripple and XRP will be able to rebound the crypto market.
“Practical use for international remittances using distributed ledger technology (DLT), including Ripple’s digital asset, is getting widespread, and already big overseas companies like Santander and other banks are actually beginning to move,” he said.
Kitao continued and explained that “The major money mobility providers are also starting to introduce the use of xRapid, which uses XRP, and the number of companies participating in RippleNet is increasing substantially.”
"My dream is to have this adopted as a regional currency in Osaka by 2025" pic.twitter.com/tiMYrUnDkE
— Dillon (@Dillon) January 31, 2019
Bitcoin is reportedly searching for a primary use case
Kitao said that in comparison to BTC which is still searching for a main use case, Ripple’s XRP already has one – cross border transfers, and this is the reason that will be able to boos XRP in order to surpass BTC in terms of market cap.
He believes that BTC’s price makes the token unusable at the moment because it’s harder to use it practically.
Kitao also made it very obvious that they support Ripple’s cross border payment solutions over the traditional payments system SWIFT.
In other news, the Ripple and XRP community will be pleased to find out that the mobile crypto app Spend just added support for XRP and this will offer people the ability to store the coin and spend it via Visa’s debit card.