Coinbase is Coming to Japan, Welcomes Fintech Leader Nao Kitazawa

[Dario_o]

https://blog.coinbase.com/coinbase-is-coming-to-japan-welcomes-fintech-leader-nao-kitazawa-173919de23c8

Quote

As part of our effort to accelerate the global adoption of cryptocurrency, today we’re announcing the launch of Coinbase’s office in Japan. Under the leadership of the highly-respected and admired fintech leader, Nao Kitazawa, our new office will lay the foundation for Japan’s crypto investors to access a range of Coinbase’s products. As in other markets, we plan to take a deliberate approach to our rollout in Japan, which means working hand-in-hand with the Japanese FSA to ensure compliance with local laws at every stage.

 

So back in July 2016 Bank of Tokyo Mitsubishi UFJ (BTMU) entered in to a strategic partnership with Coinbase. https://blog.coinbase.com/coinbase-partners-with-btmu-8443fd73b062

BTMU is a subsidiary of Mitsubishi UFJ Financial Group (MUFG), and we all know that MUFG has been test piloting with Ripple's products.

Could this mean that Coinbase is moving to Japan to coordinate launching XRP on its own platform?

 

 

[knull]

I wouldn't draw that conclusion based on the information given.

If party A and party B both have a 'partnership' with party C, that doesn't instantly mean party A and party B will work together as well.

To add to that, sometimes companies can be partners in one country and competitors in another. 

 
 

 

[panmores]

Companies don't necessarily have to share same visions and products.

Some iPhone had parts made by Samsung in it. Or some Nikon cameras use Sony sensors.

Also crypto is not brand agnostic.

Yet others will see the light.

[XRPHornets]

Im not that fussed about Coinbase as it will become irrelevant at some point . 

However it would appear unwise to open a crypto exchange in Japan that doesn’t sell XRP.