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32 minutes ago, AlvaroXRP said:

Officially? I thought there was some unclear relation between both companies

https://asia.nikkei.com/Business/Companies/Japan-s-SBI-megabanks-take-stakes-in-blockchain-group-R3?n_cid=NARAN1507

SBI is poised to become the New York-based group's principal shareholder, as it has committed to purchasing more than 2 billion yen ($17.9 million) in new R3 shares through its venture capital fund. Other investors include Wells Fargo, Bank of America Merrill Lynch and Citigroup of the U.S., as well as Japan's three megabanks -- Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group. Japanese brokerage Nomura Holdings is also participating.

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1 hour ago, Live4xrp said:

https://asia.nikkei.com/Business/Companies/Japan-s-SBI-megabanks-take-stakes-in-blockchain-group-R3?n_cid=NARAN1507

SBI is poised to become the New York-based group's principal shareholder, as it has committed to purchasing more than 2 billion yen ($17.9 million) in new R3 shares through its venture capital fund. Other investors include Wells Fargo, Bank of America Merrill Lynch and Citigroup of the U.S., as well as Japan's three megabanks -- Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group. Japanese brokerage Nomura Holdings is also participating.

This doesn't mean that Ripple is member of R3, does it? It means that SBI, who has partnered with Ripple, is also a shareholder of R3...

Edited by AlvaroXRP

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Thanks, this is an old article, don't know how it's progressed, but this is interesting - “It’s not on a transaction by transaction basis—instead, it involves using XRP as backstop if there’s a shortage in a day," says Nilesh Dusane, Ripple's head of Global Sales. He adds that the availability of XRP as a backstop means banks need to tie up less capital for settlement purposes, and can instead deploy it for other purposes. Dusane tells Fortune it will also reduce the cost of using and maintaining nostro accounts by 60%.

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