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Ripple & R3 To Leverage XRP For SBI Holdings

SBI Holdings are a massive financial company in Japan which has recently said that Ripple and R3 are going to be utilising Ripple’s native token XRP in unique ways to change how value is transferred across the globe.

A new financial report from SBI Holding highlights the focus Ripple have on tackling global remittance bottlenecks for financial organisations and banks. According to the report, R3’s new Corda Settler is going to look at expanding beyond the world of traditional finance by giving several firms the chance to use smart contract blockchain technology to move finances.

Both of the companies are going to be adopting XRP as a way to shift money across borders. Corda Settler was recently announced by R3 which uses blockchain technology to settle transactions between crypto and traditional assets. The protocol is using XRP as its first crypto payment rail.

On top of this, the CEO of SBI Toshitaka Kitao recently gave a speech on the potential impact that the two…

Read Full Story : Crypto Daily™

2019-02-01 10:30:00

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