SBI Holdings remain bullish on XRP
- Ripple’s large Japanese partner SBI Holdings is still bullish on XRP, within their latest report.
- The company believe XRP will be a leader across the cryptocurrency sector, and confident it will be widely adopted.
Ripple’s large Japanese partner, SBI Holdings remain bullish on XRP, which isn’t much of a surprise given they are heavily invested. They are confident that XRP will be a successful and widely-adopted digital asset for global remittance and settlements.
Recently SBI released their fiscal year report for 2018, providing some insight on the digital currency ecosystem. It covered grounds on proof-of-work mining activities, in addition to an initiative with Ripple, in developing a remittance platform, blockchain based.
SBI said:
Digital asset related businesses launched in 2016 were performing steadily.
Further within the report, SBI argued that greater collaboration between Ripple and the blockchain platform R3 will be seen and said:
It has a high potential to become a global standard for financial operations such as international money transfers and trade finance.
Author
Ken Chigbo
Independent Analyst
Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.
