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Belief in Ripple and XRP stays strong with SBI Holdings CEO’s recent comment

Kajal Bangera

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Belief in Ripple and XRP stays strong with SBI Holdings CEO's recent comment
Source: Pixabay

The CEO of SBI Holdings, one of the major key partners of Ripple, recently attended the Japan Blockchain Conference held in Tokyo. Yoshitaka Kitao, the Representative Director and CEO of SBI Holdings is one of biggest advocate of blockchain and cryptocurrencies.

Kitao and his company have been associated with Ripple since May 2016. The two companies, in a joint venture, run the SBI Ripple Asia, a next-gen platform powered by Distributed Ledger Technology [DLT].

Kitao, during the conference, spoke about how Japan, the world’s third largest GDP, has been continuing to adopt blockchain related technologies. He has overtly betted on the spurt in blockchain during the upcoming economic surge in Japan. With such claims, he also mentions:

“We want to take blockchain beyond financial. There’s a lot of speculative demand around cryptocurrencies, which is why the price is going up so quickly, but people need to think about how these technologies are being used in real life and how they can improve people’s businesses.”

In addition to the positive remarks about cryptocurrencies, he goes on to talk about Ripple and how he is confident that it will go on to become the ‘Global Standard’. About the token XRP, he remarks:

“using XRP can create a more efficient world”

In an interview with Ripple last year, Kitao speaks about how ‘XRP is the best digital asset for payments’. He states that along with a clear use case, the token is faster, cheaper, and more scalable than any other existing digital asset.

Commenting on Bitcoin, the CEO, during the conference says:

“Bitcoin is too expensive and people are just holding it and hoping it increase in value”

According to recent news, the SBI Group has announced their own digital asset exchange – SBI Virtual Currencies [SBI VC]. Unsurprisingly, Ripple was exclusively listed during the launch. Apart from Ripple, they have also listed Bitcoin and Bitcoin Cash.

Patrick Griffin, the senior vice president of business development at Ripple talks about SBI VC, stating:

“decision to make XRP the primary digital asset of SBI Virtual Currencies shows the utility, efficiency, and scalability respected financial institutions around the world see in XRP. This is a critical step forward in our mission to build XRP liquidity and build an Internet of Value”

A Twitter user comments:

“Yes. He is so right. I also told this many tweets before. XRP $10+ eoy easy. CEO of SBI Mr. Yoshitaka Kitao said it also.”

Another user says:

“Yes very true. . . but when you have enough and it is all grown up, wouldn’t it be nice to have this on your car to show XRP is No 1.”


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Kajal Bangera is a part of the Editorial team from March 2018 at AMBCrypto. With a background in Journalism, she has been writing and researching about Blockchain technology and cryptocurrencies for a year. She has not held any value in Bitcoin or other currencies.

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