SBI Virtual Currency will participate in the xRapid ecosystem and will be responsible for:
Ripple's business as a business Secure liquidity as a payment institution connecting Japan and the world Ripple will eventually integrate SBI Virtual Currency's APIs to instantly convert XRP with Fiat denominated with JPY through SBI Virtual Currency.
xRapid will significantly reduce the cost of cross-border international remittances and will provide an efficient, scalable and low-cost liquidity option after XRP deployment.
Mr. Patrick Griffin, senior vice president of business development at Ripple, said that partnerships with SBI Virtual Currencies will allow us to transfer money in the same way as information sharing speeds, It is the first step to approach the achievement of the mission, leaving a comment.
"The decision that today's XRP will function as the first digital asset currency at SBI Virtual Currency shows just the utility, efficiency and scalability of the world's financial institutions demonstrated at XRP I guess.
This is a big step of Ripple aiming to establish XRP liquidity and Internet of Value. "
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