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SBI to launch another market other than SBI Virtual Currencies


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Yoshitaka Kitao, CEO of SBI Holdings, tweeted that they are planning to launch another market for XRP other than SBI Virtual Currencies. He stated "In addition to SBI Virtual Currencies

SBI MAX for worldwide. https://www.sbigroup.co.jp/investors/library/presentation/pdf/presen170629.pdf

Patience my friend. The rails need to be completed. ILP needs to be more fully implemented. You need businesses at the ends of the payment rails competing and increasing demand. Then XRP can be strate

Interesting thing is the time frame mentioned on page 112, which can be helpful in price related calculations. 

"Until Mar. 2017 Completion of construction of RC Cloud

Summer-Winter in 2017 Start of commercial use for cross-border payments

By the end of 2017 Initial launch of commercial use for domestic payments

After 2018 Expansion of commercial use for domestic payments "

Edited by RDS
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On 6/9/2017 at 8:53 AM, GiantGox said:

To be exact, "it" means "XRP Ledger".

Thanks as always for the insight. 

If "it" means the XRP Ledger and not XRP, is he saying they will use the ledger as a decentralized exchange as it was originally designed? Either way this is good news. Will be exciting to see how it plays out. 

Edited by Xi195
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  • 3 weeks later...
On 2017-6-10 at 1:13 AM, cmbartley said:

Patience my friend. The rails need to be completed. ILP needs to be more fully implemented. You need businesses at the ends of the payment rails competing and increasing demand. Then XRP can be strategically used to lower spreads to promote payments via XRP. That should attract more volume and then we're in a virtuous cycle...

I hope that happens soon bcz its even harder to wait after seeing 43 cents compared to 1 cents in the past.?

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