XRP Price Increased To $ 0.29, Ripple Unlocked 100 Million XRP, What Will Happen Next?

[bitcoinisking]

Japanese financial services giant SBI Holdings is currently Ripple’s leading money transfer partner in terms of transaction volume. In other happenings, XRP price is fluctuating around $ 0.282, a slight increase of 2% in the last 24 hours. Before that, XRP price surpassed $ 0.29, declined at $ 0.3 – what’s next?

SBI Holdings’ trading volume is superior to RippleNet

Ripple and SBI first collaborated in 2016 to create SBI Ripple Asia, an alliance designed to promote the adoption of Ripple and XRP technology in the region.

According to a financial report of the company’s international remittance service, SBI Remit, SBI Remit’s transaction volume holds the top spot on RippleNet. The company is using Ripple’s payment messaging system – replacing Swift in terms of transaction speed and cost, to transfer money. SBI Remit recently launched a new corridor between Japan and Vietnam using technology.

SBI also launched a payment application provided by Ripple called MoneyTap in October last year. This app is a domestic payment solution that allows people in Japan to send money instantly using QR codes or phone numbers. SBI said it would push 60 Japanese banks to join, and Ripple could step in to help fund the development of the application.

SBI Holdings aims to pay dividends to shareholders in Ripple (XRP) by the end of this year, with shareholders who can receive a maximum payment of XRP equivalent to about 8,000 yen, following the official announcement on the SBI website.

Shareholders who hold a number of shares from 100 to 1.000 on March 31 and who hold more than 1,000 shares but hold less than one year can choose to receive XRP valued at 2.000 YEN or about $ 18. Shareholders holding more than 1.000 and more than a year will receive XRP worth 8.000 yen or about $ 74 as their dividends.

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