The head of SBI Holdings Yoshitaka, Kitao (Yoshitaka Kitao) in an interview with Japanese publication CoinPost said that faith in the future of kriptonyte he gives activities on blockchain consortium R3 and cryptostroma Ripple, in partnership with which financial giant, the company created a Ripple SBI Asia to promote XRP in the Asian financial markets.

According to Kitao, prolonged pessimistic situation on the stock market, not the end, and SBI Holdings actively working on implementation and promotion of XRP to financial institutions and prepared to provide institutional investors with the tools to access the digital currency.

Kitao convinced that Ripple and XRP will revolutionize kriptonyte, and will soon manifest the real demand for the use of this asset for cross-border payments. In addition, he believes that bitcoin is of no value, its market price more prevent its application in daily operations – and that creates the preconditions to first place in the stock market have moved to XRP. Given the potential of both projects, Kitao recommended that R3 and Ripple to stop competing and to create a joint project.

Recall that in late January, SBI Holdings and provider of blockchain-solutions R3 Holdo LLC announced the creation of a joint venture aimed at providing and ensuring licenses blockchain platform Corda R3.