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XRP: Yoshitaka Kitao says he could become an “official of the Ripple Inc.”




XRP: Yoshitaka Kitao says he could become an "official of the Ripple Inc."
Source: Unsplash

Yoshitaka Kitao’s lecture from July 2018 was made public during the “Daiwa Investment Conference Tokyo 2019.” During the lecture, Kitao addressed a wide range of topics spanning the adoption of XRP, Corda and the Osaka Expo that is set to happen in 2025.

Kitao’s spoke about his overall strategy envisioning an ecosystem that was purely based on digital assets. He opined that the lawsuit between Ripple and R3 had to be sorted before an alliance could be achieved that would bring his plans to fruition.

Kitao acknowledged the smart contract platform that was brought to the table through Corda, which is currency agnostic, but also has a high “affinity for XRP”. He added that the alliance between Ripple and R3 would yield a “Global Standard” and that SBI Holdings was in full support of the same.

According to Japanese news portal, Coinpost, Mr. Kitao said, “I myself may be an official of Ripple Inc.” He added,

“We have a thick pipe with both companies that can become a global standard, and we will do our best to support you.”

SBI Holdings plans to achieve synergy in different sectors of the industry by leveraging partnerships with companies that are simplifying payments using blockchain and digital assets. Kitao previously revealed his plan to make Japan’s payment industry frictionless and help people take back control of their own money.

Kitao’s goal has been inching closer to reality due to advancements by Ripple and R3 and their partnerships with various banks in Japan and across the world. The XRP community reveres Kitao as he has been vocal about his fondness for XRP.

@ruscan90, a Twitter user commented,

“I was enthusiastic?? So I guess no 10$ EOY or with start of SBIVC… Story of my life… Guess we have to wait a couple more years for mass adoption. Still believe in XRP”

@FinesseDLT, another Twitter user commented,

“Looking forward to a world where “a glorified paypal” becomes the standard asset for the financial world.”

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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time writer at AMBCrypto and a part-time novice trader.