Japan's SBI Holdings Teams With Ripple to Launch New Company
SBI Holdings, the financial services business division of Japan’s SBI Group, has announced it is creating a new company in partnership with digital ledger technology (DLT) startup Ripple. Called SBI Ripple Asia, the new company aims to focus on expanding the use of Ripple products and services through sales and engineering efforts focused on Asian markets including China, Korea, Japan and Taiwan. The announcement comes amid a broader push by SBI Group to make its interest in the blockchain and distributed ledger technology known, and amid a shift in Ripple's strategy to emphasize the value....
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Ripple, a provider of financial settlement solutions, and SBI Holdings, Inc., a financial services company, have partnered in launching a new company, SBI Ripple Asia, to serve China, Japan, Taiwan, Korea and ASEAN countries. SBI Ripple Asia will establish a sales and engineering group to sell and install its enterprise solutions for cross-border payments at banks. The 2015 World Payments Report notes that non-cash payments in China, Japan and South Korea exceeded $145 billion in 2013, with further growth expected, Ripple noted in its announcement. Ripple will continue to operate its....
Japan is firming up at the most likely new headquarters for Ripple if it leaves its San Francisco offices Japanese financial giant SBI Holdings CEO Yoshitaka Kitao said that Japan is the most likely country Ripple will relocate to, should it leave the United States. At an Oct. 28 press briefing, Kitao stated that the blockchain-based payments firm “has made Japan the most promising candidate” for its new headquarters if Ripple makes good on its threats to move its San Francisco offices. SBI Holdings is a Ripple investor, while Kitao sits on the firm’s board of directors. Both Ripple....
Ripple has launched its first On-Demand Liquidity (ODL) service implementation in Japan in partnership with SBI Remit, a large Japanese money transfer provider, and Philippine crypto exchange Coins.ph. Ripple, SBI, Coins.ph Collaborate to Launch Ripplenet’s On-Demand Liquidity Ripple Labs announced Wednesday “the launch of Ripplenet’s first live On-Demand Liquidity (ODL) service implementation in Japan” in collaboration with SBI Remit Co. Ltd. and Coins.ph. SBI Holdings, an investor and shareholder of Ripple, independently announced Wednesday that SBI Remit and....
Payment’s solution company Ripple revealed the launch of a new corridor between Japan and the Philippines. This is the company’s first On-Demand Liquidity (ODL), a payment solution leveraging token XRP, in Japan. The corridor has been launched in collaboration with SBI Remit, one of the country’s most prominent money transfer provided, according to Ripple, and the leading mobile wallet for the Philippines, Coins.ph. The payment solution will connect the wallet with the digital exchange platform SBI VC Trade on RippleNet. Thus, people from these countries can use this....
Even though many people do not give much credit to the blockchain service Ripple has managed to create, there seems to be a growing demand for their services in Asian. Thanks to a deal with SBI Holdings, this technology will be able to merge with banking industry experience and create a new company called SBI Ripple Asia. With a large focus on Taiwan, Korea, Japan, and China, Ripple’s enterprise solutions will focus on cross-border bank payments. Ripple Keeps Gaining More Popularity In Asia And Beyond. In the Western world, concepts such as Ripple are not gaining too much traction. Part of....