Yoshitaka Kitao is at the helm of SBI Holdings and a known cryptocurrency proponent. His promotional activities were highlighted at Finsum held in Tokyo, Kitao referred to MoneyTap’s revolutionary association with Ripple. In fact, there is a possibility that Ripple may soon be part of the board supervising MoneyTap.
Mr. Kitao Finsum yesterday “We will use the virtual currency XRP for remittance” & “We are focusing on making Moneytap into the Group’s flagship product. We are going to have various relationships with Ripple in the US, and this alliance is very significant.” More in coming video
— CryptoEri (@sentosumosaba) September 5, 2019
Meanwhile, the PNC Bank has begun using xCurrent in order to carry out cross-border transfers. Santander is also aiming to enhance the usage of solutions offered by RippleNet. PNC has over 8 million customers [who employ their services], and this move will ensure scores of transactions get confirmed in a matter of seconds. From the days of SWIFT to the exponential strategy of Ripple, banks have come a long way.
However, most financial institutions around the world still frown upon the king coin. This is because Bitcoin is not operated by any specific enterprise, which is exactly what banks and the U.S. mint represents: centralization. People must understand that the white-collar admins at Ripple control the flow of XRP in the market, yet they keep insisting we must not compare the asset with the company.
In spite of being adjacent to the zenith, XRP has barely managed to head beyond the $0.4 mark. The continuing dump resulted in a petition on change.org which demands a hardfork of the network.
XRP is ranked at #3 below Ethereum and Bitcoin on coinmarketcap. The trading volume recorded is $970.458 million, while the supply has 42,984,656,144 XRP coins in play. As of this moment, the total market cap of XRP is $10.84 billion. XRP is priced at $0.252191 for now, after it plunged at a rate of 1.93% in the course of the past 24-hours.
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