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This is quite interesting, especially the bold part (machine translated): https://jp.cointelegraph.com/news/sbi-kitao-ceo-reveals-the-plan-for-lauching-sbi-r3-asia/ SBI Ripple Following Asia SBI-R3 Motivation for the creation of Asia, President Kitao mentioned at earnings briefing Yoshitaka Kitao, president and CEO of SBI Holdings, mentioned the plan for the creation of SBI-R3 Asia on the account settlement meeting on 30th October, the second quarter of 2019 (April - September 2018) . President Kitao who worked to resolve the case problem of ripple and block chain development company R 3 company said that he would like to make R 3 company to create a project to use virtual currency XRP. Regarding the virtual currency trading business, he said that he will take in young users by using T points. Ripple to R3 and R3 settlement to establish SBI-R3 Asia On April 4, SBI Ripple Asia's secretariat, "Internal and external exchange consortium" released a money handling application "money tap" for smartphone that utilized Ripple's Distributed Ledger Technology (DLT) "xCurrent" . The future is in the phase of expanding participation lines. SBI, which holds about 10% of the shares of Ripple, emphasized that "ripple's DLT or XRP will be used to streamline international remittance" as implemented by Ripple's technology in money taps. President Kitao also mentioned the settlement of Ripple with the R3 company that develops block chains. SBI is the outside largest shareholder of R3, and as soon as it reveals that the top of both companies has pressed for a litigation problem closely . In the earnings briefing session, he said that discussions have started for the creation of SBI-R3 Asia. "You will have to make such a project that will make R3 use XRP in earnest.When the two companies hold their hands it will be possible to cover almost all fields.In addition to international remittances, XRP There is the possibility that it will be widely used.We are discussing with SBI R3 in order to create SBI-R3 Asia similar to SBI Ripple Asia. " Promotion of virtual currency trading of young people at T point, competition is Rakuten SBI SECURITIES established a joint venture company "SBI NeoMobile Securities" on 30th, signing a capital and business alliance with CCC Marketing of the C - Ture Convenience Club (CCC) group with 67.88 million active members . Provide financial services with smartphone as the main channel. We plan to realize T points according to transactions and purchase financial products by points, and we will introduce T point programs in various businesses that SBI develops, such as banks, securities, remittances. About the virtual currency exchange "VCTRADE" operated by SBI virtual currency seeds President Kitao "I want to take in the young generation thoroughly, of course I am planning to do it even in the virtual currency so that virtual currency can be bought at points Let's do it. " Also, "I want to build an SBI-T point economic zone that goes beyond the Rakuten economic zone," there was a comment reminiscent of Rakuten announcing entry into the virtual currency trading business on August 31. SBI Neo Mobile Securities will start business next spring.
As you all might know that Yoshitaka Kitao, CEO of Tokyo based SBI Holdings, expects XRP price to reach $10 end of year. Yoshitaka Kitao is a serious businessman with huge influence on financial environment. What do you think how he made his prediction? How accurate can his prediction be? I have a gut feeling it is not only a guesstimate, but it made based on scientific estimation. Many of you are more optimistic about pricing XRP, but considering Mr. Kitao professional experience his prediction might be the closest to the real. So realistically the best prediction would be $10 EOY price. What do you think? Again the main question is not about the speculation (that's why I chose 'General Discussion' ) but the method/background information from he made his prediction.