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RubenParren

CEO of the SBI Group-Japan on Twitter "WOW, XRP at all time high, forget about Bitcoin, we're all in on XRP!"

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14 minutes ago, Sandy_Eggo said:

You almost have to wonder if someone didn't hack Kitao's twitter account and post that. I mean, come on, talk about "shill".

You gotta love the Japanese! :)

The culture and language structure differs though and that often leads to things lost in translation. Hahahaha, still awesome tho ! 

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1 hour ago, rowling said:

Why can't price go past 2 dollars, someone clearly manipulating the price

Did you end up re-buying after that rage post post-swell? 

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SBI Holdings isn't actually all that big. Market cap around $3bn. Approx position 1400 in Forbes top 2000. But it's still a huge vote of confidence in XRP, and lots of other positive developments the past few days. Price is beginning its journey towards reflecting actual XRP utility. It's all looking very good.

Edited by JA8

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8 minutes ago, JA8 said:

SBI Holdings isn't actually all that big. Market cap around $3bn. Approx position 1400 in Forbes top 2000. But of course a lot of positive developments the past few days and price is beginning its journey towards reflecting actual XRP utility. It's all looking very good.

Don’t forget the consortium of Japanese Banks that SBI is a part of 

 

“TOKYO -- Banks in Japan and South Korea begin tests Friday of blockchain technology from U.S. developer Ripple, aiming to achieve same-day international funds transfer while cutting costs by nearly 30%.

SBI Ripple Asia, part of SBI Holdings, leads a group of 61 Japanese banks spearheading the trials. DAYLI Intelligence, a Seoul-based provider of blockchain solutions, takes the lead on the South Korean side. The tests will involve many of the Japanese financial institutions including Sumitomo Mitsui Banking Corp. and Resona Bank as well as two major South Korean banks.

Blockchain technology eliminates the need for centralized clearing operations, relying instead on all members of a network to confirm transactions based on their own decentralized copies of that network's transaction history.

If all goes well, Ripple's blockchain payments system could carry its first real funds between Japan and South Korea as early as spring 2018. Eventually, the banks aim to send money by using Ripple's virtual currency, known as XRP, cutting costs an estimated 60% compared with conventional methods.

Japanese banks already have developed the systems needed to commercialize blockchain-based transfers. The cross-border trials are set to run through Jan. 31.”

https://asia.nikkei.com/Business/Deals/Japan-South-Korea-blockchain-payments-enter-trials-Friday

Edited by Khaleesi
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