The general director of the Japanese financial giant SBI Holdings believes that the technology of cryptocurrencies and blockchain will cause another economic boom in Japan.
He commented on the Japanese blockchain conference this week in Tokyo and suggested that this would happen in the next few years.
“We want to put the blockchain behind the financial framework”, “There is a lot of speculative demand for cryptocurrency, so the price grows so quickly, but people need to think about how these technologies can be used in real life, and how they can improve the business.”
Earlier this month, SBI Holdings launched its VCTRADE crypto exchange. The platform initially focuses on trading XRP, a token with the Ripple protocol.
The exchange issued a zero transaction fee, although it is expected that in the near future there will be an active involvement of clients in making deposits in the yen.
VCTRADE also plans to add support for new cryptocurrencies: Bitcoin and Bitcoin Cash in the coming months, although the official launch date for these coins was not announced.
SBI Holdings has long been cooperating with Ripple. It has invested in Ripple two years ago, in 2016. The two companies together own and manage SBI Ripple Asia, which is designed to study the blockchain of Ripple and how it can facilitate cross-border transfers between banks. Source: rucrypto.com