Japanese Financial Bull "SBI Group" to Utilize Ripple Extensively with R3

[Goodcat49]

While at SBI Financial Results briefing, Yoshitaka Kitao, CEO SBI Group proclaimed that the company has already started the discussions to develop a project for R3 which uses Ripple more widely.

“We have already begun discussions to create a project to use XRP for R3. By using R3, XRP is used more extensively,” Yoshitaka revealed.   

SBI Group, a multi-billion dollar firm in Japan which works with 3 important businesses in financial services, asset management and biotech. Since the development of SBI Ripple Asia, a consortium of over 60 Japanese financial institutions, SBI Group has led the creation and deployment of Ripple (XRP)-based products in Asia.   

Why R3?   
In May last year, SBI Group led a $107 million financing R3CEV, the biggest DLT consortium that collected millions of dollars to create enterprise-grade DLT networks.   

Since that time, over the past 12 months, SBI Group has collaborated with R3 to develop a wide range of DLT-based systems to be used by large-scale conglomerates.   

In April 2018, SBI Bank LLC, a giant financial institution in Russia run by SBI Group, joined R3 DLT consortivisionmake common cause with hundreds of banks within the consortia in testing DLT products.   

“We regard blockchains as the core of FinTech innovation and are working on various measures both in Japan and abroad. Through this effort, we believe that we can contribute to the progress of the global blockchain field,” SBI Group revealed at the time.   

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/japanese-financial-bull-sbi-group/