News
Japanese financial giant begins performing XRP ledger validation
Alex Dovbnja
The move is a “huge step forward” for XRP Ledger
Continue reading U.TODAY
Google News
SBI VC Trade, the cryptocurrency exchange of Japanese financial giant SBI Holdings, did so announced the launch of their validator on XRP Ledger.
With its recent move, SBI aims to reflect the voices of its customers who hold the XRP cryptocurrency, according to the company’s announcement.
Vet, operator of the XRP Ledger dUNL, highlighted that this is a “huge step” as a large company now operates the infrastructure for the XRP Ledger.
Ripple initially partnered with SBI in 2017.
It also offered year-end benefits for shareholders of the XRP cryptocurrency.
In 2023, SBI Remit, a subsidiary of SBI Holdings, expanded its XRP-based services to several countries, including Vietnam and the Philippines.
Ripple CEO Brad Garlinghouse has repeatedly touted Japan as one of the most cryptocurrency-friendly jurisdictions. In 2020, he even suggested that Ripple’s headquarters could be moved to Tokyo before the SEC took the company to court.
In April, Ripple expanded its presence in Japan by announcing a tie-up with Tokyo-based HashKey DX. The purpose of the collaboration is to use XRP Ledger for developing business solutions for customers in Japan.
About the author
Alex Dovbnja
Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience covering everything related to the burgeoning industry, from price analysis to Blockchain disruption. Alex has authored more than 1,000 stories for U.Today, CryptoComes, and other fintech media. He is particularly interested in regulatory trends around the world that are shaping the future of digital assets; he can be contacted at alex.dovbnya@u.today.