.Ripple may find fortune in Japan, believes CryptoLaw founder JohnEDeaton1 xrp $xrp ripple
First of all, it is worth specifying that the intention of SMFG, whose assets are estimated at 2.2 trillion dollars, to purchase a 10% share in the business of SBI Holdings is aimed at strengthening its position in the securities services market.
The deal, if it is concluded, is a continuation of the 15-year history of cooperation between the two eminent financial corporations. It is also worth noting that two conglomerates have even had a joint investment in one of Ripple's products, Ripplenet Moneytap.for the more widespread adoption and use of blockchain technology and cryptocurrencies in the life of Japan. In this case, the deal looks very logical, given SBI's position in Ripple , which can be considered the best in the development and implementation of corporate crypto solutions.
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