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  1. Previous Work: https://www.xrpchat.com/topic/7598-ripplegates-foundationindia/?tab=comments#comment-99889 https://www.xrpchat.com/topic/9189-ripple-india/ https://www.xrpchat.com/topic/9760-ripple-singapore-bahrain-the-uae/?tab=comments#comment-97143 ***THIS IS ALL SPECULATION*** The Korean Government Similar to other Asian Pacific countries, South Korea is being proactive on adopting financial technology. As a society, Korea is trending towards being cashless with credit and bank cards becoming the primary means of conducting trade. http://www.koreatimes.co.kr/www/news/biz/2016/03/488_199146.html Koreans themselves have begun to accept the notion of carrying less cash. https://www.electronicproducts.com/Mobile/Devices/South_Korea_plans_to_become_a_cashless_society_by_2020.aspx And the Central Bank of Korea has also set a deadline in which they want to demonetize trade transactions by 2020. http://www.livebitcoinnews.com/south-koreas-cashless-push-will-see-coins-removed-circulation-2020/ Ultimately the removal of coins will cause a disruption on retail prices for goods and services within the country. The Central Bank of South Korea is facilitating these changes by instructing consumers to deposit loose change onto the national T-Money cards. The T-Money card can be used for all forms of transportation including taxi rides, and in several thousand convenience stores in the country, as a payment option. And in an added effort, "loose change" in trade transactions will be able to automatically be deposited into the individual's bank account. https://www.electronicproducts.com/Mobile/Devices/South_Korea_plans_to_become_a_cashless_society_by_2020.aspx http://www.livebitcoinnews.com/south-koreas-cashless-push-will-see-coins-removed-circulation-2020/ http://www.koreatimes.co.kr/www/news/biz/2016/03/488_199146.html To take even further, the South Korea’s Financial Services Commission (KFSC) publicly announced it's objective to have a national digital currency using blockchain technology by 2020. https://bravenewcoin.com/news/south-korea-plans-national-digital-currency-using-a-blockchain/ Within the announcement, a consortium dealing blockchain technology was said to be forming by FI's to jointly research and run pilots projects. https://bravenewcoin.com/news/south-korea-plans-national-digital-currency-using-a-blockchain/ https://www.cryptocoinsnews.com/south-korea-announces-digital-currency-system-expansion-boost-fintech/ http://www.businesskorea.co.kr/english/news/money/16703-blackchain-movement-blockchain-consortium-launched-south-korea While at the same time, the Bank of Korea released a report on FinTech Companies shaping the financial industry stating that, https://www.cryptocoinsnews.com/bank-korea-fintech-companies-will-reshape-financial-industry/ Shortly after, the Korean consortium publicly announced it's formation stating that 21 financial investment companies and five blockchain technology firms had signed a memorandum-of-understanding (MoU) to develop distributed ledger solutions in blockchain solutions. With a given road-map of the consortium's motives, https://www.cryptocoinsnews.com/south-korea-sees-first-blockchain-consortium/ Ultimately the action being taken within South Korea was mirroring the movements being undergone by their neighbors across the sea in Japan. With Ripple partners coming into play...... Initially details on the consortium weren't disclosed but shortly after the announcement of it's formation, a partnership involving the KFSC was reached. The Monetary Authority of Singapore (MAS) agreed on cooperation over exploring joint innovation projects with a focus on big data and mobile payments in FinTech. http://www.mas.gov.sg/News-and-Publications/Media-Releases/2016/Singapore-and-South-Korea-sign-cooperation-agreement-in-FinTech.aspx https://www.cryptocoinsnews.com/singapore-south-korea-come-together-fintech/ On top of a collaboration with MAS, the government of South Korea was in talks with Indonesian government about joining forces in an attempt to boost the FinTech industry to help the burgeoning sector in both countries. https://www.cryptocoinsnews.com/south-korea-indonesia-considering-fintech-collaboration/ For those that are unaware, Ripple has previously met with the Central Bank of Indonesia. Months later, the Korean Central Bank announced plans to execute a R3 consortium proof-of-concept blockchain technology project. https://www.cryptocoinsnews.com/korean-central-bank-deploy-r3s-blockchain-proof-concept/ http://ftreporter.com/korean-central-bank-to-use-r3-blockchain-proof-of-concept/ https://www.econotimes.com/Exclusive-Bank-of-Korea-R3-consortium-to-carry-out-blockchain-project-549053 So to reiterate, the Korean government came into agreement with MAS on cooperating in the FinTech space and shortly after the Korean Central Bank decided to proceed with a PoC consortium by R3 similar to Project Ubin in Singapore...... Along with the previous development, Hana Financial Group became the first Korean financial institution to take part in the R3 CEV project. http://pulsenews.co.kr/view.php?sc=30800020&year=2016&no=281535 Remember that MAS wants to expand it's network to other central bank for cross-border transactions using a Ripple blockchain prototype......... SBI Ripple Asia Just this past September, SBI Ripple Asia announced that it would be testing a blockchain based funds transfer system by the end of this year between Japanese and South Korean banks. SBI Ripple and it's new public partner, DAYLI Intelligence, will work together to http://blocktribune.com/sbi-ripple-asia-trial-cross-border-blockchain-funds-transfers/ https://www.coindesk.com/sbi-ripple-asia-to-test-bank-transfers-between-japan-and-south-korea/ And besides cooperating in this venture with SBI Ripple Asia, DAYLI Intelligence is involved in another interesting project. http://pulsenews.co.kr/view.php?year=2017&no=551655 All three parties are in cooperation developing the "WeBee" coin with the intention of the digital coin operating on a blockchain. (what will be used for trade remittances?......) http://pulsenews.co.kr/view.php?year=2017&no=551655 https://financefeeds.com/south-korean-woori-bank-develop-digital-coins/ Finally, SBI Ripple Asia is involved with another Korean company called Coinplug. https://www.coindesk.com/sbi-reveals-joint-blockchain-remittance-venture-south-korean-startup/ With the venture expected to launch its remittance service later this year...... And just like DAYLI Intelligence, Coinplug has involved itself in another interesting project. Coinplug with KB Kookmin are going to provide cross-border foreign exchange services that utilize blockchain technology. http://themerkle.com/south-koreas-bank-developing-blockchain-exchange/ https://www.coindesk.com/korean-bank-developing-blockchain-solution-foreign-exchange/ And KB Kookim are also releasing a blockchain based mobile payment service for KB Kookim Card..... http://pulsenews.co.kr/view.php?no=741187&year=2016 Kakao Unlike most attempts to tie links with Ripple by addressing potential connections to Alibaba (which I think is a thing), my focus is solely on KakaoPay/KakaoTalk. KakaoTalk is a mobile messenger while KakaoPay is a mobile payment system built on top of KakaoTalk. The development of KakaoPay was thru Kakao and LG CNS https://www.lgcns.com/Views/Solution/KakaoPay_En Kakao had also partnered with the KFTC in the past for integrating a mobile payment platform to the Korean financial system. https://techcrunch.com/2014/11/12/korean-internet-giant-daum-kakao-launches-its-own-mobile-payment-platform/ Remember that. LG CNS themselves have been adopting blockchain technology to improve their services, most notably with R3. https://www.coindesk.com/electronics-giant-lg-testing-r3s-distributed-ledger-software/ https://www.cryptocoinsnews.com/lg-launches-corda-based-blockchain-platform-south-korea/ And there is another connection. http://www.techforkorea.com/2017/03/14/kakaopay-launches-new-service-transfer-to-bank/ What will be used to settle remittances between a Hana Money and KakaoMoney exchange?......... The same Hana Financial that had entered R3's CEV project mentioned earlier. And with the the government of Korea driving blockchain adoption on the Korean banks, there has been some interesting developments. With, http://mengnews.joins.com/view.aspx?aId=3037416 http://www.theasianbanker.com/press-releases/korean-banks-turn-to-blockchain-to-streamline-service The winner was supposedly chosen last month, with the system built being ready for use by banks in April..... (all while SBI Ripple Asia/R3 in Korea are becoming increasingly active) To come into to full circle, LG CNS has ~32% ownership with Seoul Metropolitan City Government (~35%) on Korea Smart Card Co. What is special about Korea Smart Card Co.? The T-Money system was implemented and is operated by Korea Smart Card..... https://en.wikipedia.org/wiki/T-money The same T-Money mentioned earlier in the post that will be used to transmit loose change from trade transactions to the individual's bank account. In a financial environment that will be riddled with many different types of digital currencies, what method will be used to settle remittances?..... I mention Seoul Metroplitan City Government because of one partner ship it is in. https://www.crowdfundinsider.com/2017/09/121430-singapore-korea-fintech-collaboration-marvelstone-group-seoul-metropolitan-sign-mou/ A group that has the support of none other than MAS.... http://www.mas.gov.sg/News-and-Publications/Speeches-and-Monetary-Policy-Statements/Speeches/2016/Speech-at-the-Launch-of-Lattice80.aspx So why do I persist on these R3 connections? It's simple. SBI Group became the largest shareholder of R3 over the summer while we know SBI's intentions with XRP. In an interview with Kitao, he stated that https://ripple.com/insights/sbi-holdings-views-on-blockchain-and-xrp-an-interview-with-yoshitaka-kitao/ So how does the R3 and Ripple relationship work? Last month Data Dimension had a presentation a slide that is rather revealing on the partnership. https://www.brighttalk.com/webcast/15381/262389?utm_campaign=knowledge-feed&utm_source=brighttalk-portal&utm_medium=web Both work in unison with Corda being applied for smart contracts while Ripple is meant for the payments segment which might explain why R3 wanted that XRP so bad............ Edit: UPDATE: 12-5-2018 https://www.coindesk.com/r3s-new-corda-app-supports-payments-in-xrp-cryptocurrency
  2. Are we at the tipping point for use of xrp? The number of xRapid customers is growing. xCurrent is quickly replacing SWIFT messaging, and Ripple just signed two new banks onto RippleNet. In addition to news about Ripple's progress, the XRP community is also busy this week, planning meetups in Europe, as well as voting on a new XRP Symbol starting one day from now. After reading the news over the last few days, I leave it to you to judge whether XRP has reached a level of unstoppable momentum. Hope you enjoy the read: please leave any feedback below. Also, feel free to share my blog with a friend, or on any other media - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  3. In my latest blog, I discuss the incredible impact that SBI is about to play in XRP's role in Asian commerce, along with SBI's aggressive, recently-announced plans for vertical integration of crypto. All this coincidentally on the heels of Ripple's latest SBI announcement yesterday! Hope you enjoy. Please leave any feedback below, and thank you for sharing on other media, or with a friend! My blog announcements on other media: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  4. SBI Holdings President Yoshitaka Kitao just tweeted that SBI Ripple Asia just partnered with some of the largest credit card companies in Japan to establish a "Credit Card Industry Consortium", as well as utilizing DLT to solve a variety of issues and increase efficiencies. The translation is a little rough, but use Google translate and see for yourself. This could be fantastic news. Tweet link SBI Press Release
  5. Really research SBI Ripple Asia. They are the powerhouse that brought the huge Japanese banking consortium to partner with Ripple. The CEO says he believes XRP WILL BE THE GLOBAL STANDARD IN PAYMENTS. see his interview. Also look at this quarterly financials report. on page 78 it mentions that as the largest remittance company in Asia they are in alliance with 350,000 Moneygram Agent locations in 200 countries. It also says they are planning on going livebin Aurumn 2017. HODL ON! Its just one of the many reasons i decided to buy XRP. http://www.sbigroup.co.jp/english/investors/d...ations.pdf https://ripple.com/insights/sbi-holdings-view...aka-kitao/
  6. Ripple is focused on building the Pacific Rim XRP market. I discuss each of the largest players and break down XRP volume impacts. Want to know about SBI (both of them?) You'll have to read for yourself! After researching and writing this blog entry, I am very bullish on XRP's Asia volume in the next 3-6 months. Hope you enjoy the read - leave any feedback below & as always, please feel free to share with others or on other sites and media. Thank you for reading! My blog announcements on other media: Twitter Reddit r/Ripple Reddit r/xrp Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread
  7. Date published: oct.11, 2017 On August 11, SBI Holdings Co., Ltd. and SBI Ripple Asia Co., Ltd. launched the "Beyond Blockchain" technical program (hereinafter referred to as "BBC Technical Program") and announced it. The BBC Technical Program aims to train engineers in block chain related technology for enterprise use. In this background, because the opportunities to acquire knowledge by the development vendor side are limited or the hurdle of acquiring skills by individuals is high, there are cases in which the virtual currency and DLT are confused, so the technology based on the correct knowledge We will train people and work with 24 major vendor companies in Japan and overseas. According to Takashi Okita, President and Representative Director of SBI Ripple Asia, explaining the use of block chain / DLT (Distributed Bookkeeping Technology) for remittance technology and the purpose of the BBC Technical Program starting this month, We are finding the use of DLT which is becoming increasingly popular not only in the banking industry but also in various fields such as securities, electricity, legal affairs, accounting, real estate, point program, mileage and so on. In addition, by utilizing the technology "Interledger Protocol" developed by Ripple (Ripple) Inc. as "IoV (Internet of value)", it is possible not only to settle banks between bank ledgers but also between Paypal and Alipay , And settlement between virtual currencies can be done efficiently. At present, the remittance system is monopolized by SWIFT, which has been used conventionally, and international remittance is costly such as time and fee. In order to make this more efficient, we are focusing on remittances between banks, in particular remittances internationally. Speaking of international remittances, we also announced that we had sent ripple solution xRapid on 10th and remitted between US and Mexico. Ripple has also announced that more than 100 banks participating in RippleNet have been announced, including SBI Ripple Asia's affiliated financial institutions. Recently Ripple's base as a base for advance to Singapore and India, etc. are also being promoted by Ripple, and according to Mr. Okita, SBI Ripple Asia has adopted ASEAN (Indonesia, Cambodia , Thailand, the Philippines, Brunei, Vietnam, Malaysia, Myanmar, Laos) in order to promote international remittance solutions using DLT. In addition, SBI Ripple Asia partnered with DAYLI Intelligence (Daily Intelligence) under the umbrella of Korea leading YelloMobile (Yellow Mobile) in September this year and is aiming to provide remittance service to financial institutions using DLT. Many block chain companies are developing the platform of DLT, for example, Corda of R3 and Hyper Ledger Fabric are mainly mentioned, but SBI Ripple Asia collaborates with such a DLT platform as a cross-cutting effort It is said to go. Also expectations will be raised that engineers familiar with advanced technologies such as DLT will be produced by the BBC Technical Program that was established this time. Future trends of SBI Ripple Asia will draw attention. https://apptimes.net/archives/8344
  8. Jointly training advanced engineers Continually recruiting companies to participate October 11, 2017 SBI Holdings Co., Ltd. SBI Ripple Asia Co., Ltd. SBI Ripple Asia Co., Ltd. (Headquarters: Minato-ku, Tokyo, President: Yoshitaka Kitao) and its subsidiary to expand its next-generation payment platform in the Asian region President: Takashi Okita) announced today that the "Beyond Blockchain Technical Program" ("BBC Program") was launched today. Background and aims of establishing the BBC program Various digital currency mechanisms have been put to practical use in Europe, the US and Asian countries, and many of the foundations are supported by "block chain related technology". Although domestic financial institutions and FinTech enterprises are getting excited about the momentum to commercialize block chains, distributed ledger technology (DLT) and virtual currencies, etc., there are still few cases of that, and the systematic It is in an environment where learning is difficult. Therefore, from the viewpoint of international competitiveness, the shortage of engineers toward practical use can be said to be a common problem in domestic financial and IT industries. The BBC program is a program to cooperate with program participants, aiming to train engineers on cutting-edge technologies such as block chain / distribution register technology (DLT) and virtual currency. In the BBC program, we will provide systematic knowledge of block chain related technology through technical workshops and study meetings by experts. In the future, we will provide a practical development environment for block chain related technology and will conduct joint verification experiment etc. Also, we will continue to work with more companies by accepting applications for participation continuously. The participating companies at the start of the BBC program are as follows. Inc. Tokyo Incorporated Internet Initiative Japan Inc. INTEC SAP Japan Co., Ltd. SCSK SBI FinTech Incubation SBI Trade Win Tech Co., Ltd. NTT Communications Corporation NTT DATA RETRONICS CORPORATION FPT Japan Co., Ltd. CCS Secom Co., Ltd.SOLUTIONS Co., Ltd. TIS Co., Ltd. Toppan Printing Co., Ltd. Japan IMA Co., Ltd. Japan ATM Corporation Japan Oracle Corporation NEC Corporation Japanese Hewlett-Packard Co., Ltd. Japan Microsoft Corporation Nomura Research Institute Mitsui Information, Inc. Mitsubishi Research Institute DCS Co., Ltd. (Alphabetical order, titles omitted) that's all http://www.sbigroup.co.jp/news/pdf/group/2017/1011_b.pdf
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