Topic: Chairman of Major Japanese Bank Says Ripple Can be the Global Standard of Money (Read 116 times)

The chairman of the main Japanese bank said that ripples can become a global currency standard. This is telling people that the blockchain is an excellent new technology. This technology is constantly being updated and developed, and the cryptocurrency will be getting better tomorrow. This news makes me The world of cryptocurrencies is more confident

Ugh, I hate ripple.

And having the chairman of a major japanese bank come out and say this will boost people's confidence in XRP.
I don't want that at all.

The thing that makes blockchain revolutionary is that it is trustless, distributed, and open source, basically decentralized.
And here we have a mega corporation, Ripple, using the tech to make other mega corporations (banks), richer.
XRP isn't here from us.
It's the already fat and wealthy making the other fat and wealthy people more rich.

Also, the actually coin itself, xrp, is virtually useless.
Banks don't use it, they use the platform to initiate trades.
Basically, xrp is there so that ripple can cash out every now and then and line their pockets.

Bitcoin can be a the global standard of money but with Ripple, no.

I know there are many ripple holders here and this is why it has been said by this major Japanese bank, oh wait that's a bank which is targeted by XRP.

After inventions of crypto market there are lots of coins are available based on its value also Ripple is known as altcoins also these coins are doing really well also these have good future value based on this chairman stated this issues also it have good future value.

Japanese are very eager to get into cryptocurrency and it's in their radar to claim what's good for them. There's no denying that the news are legit! but in my opinion Ripple needs to merge in the blockchain coz they are using database.

Ripple has a team and investors that can lead Ripple to the world monetary standard. Knowingly its cost is close to 1 US dollar, so that everyone in the world is easily accustomed to new prices and salaries. I keep 25% in Ripple.

When will increase supply and demand for this coin, then I think you can start the topic of global cryptocurrency, and it is too early yet!

This is the largest conference in the world held, where people come to talk on different sessions and seminars to give update and even share knowledge about the cryptocurrency. Since this has come from a legit source, there is no point in denying or contradicting the statement made in the post.

Ripple has gained public attention in very short time. It is now one of the most promising coins in the market. Many local banks has also adopted Ripple as a method of transaction.

The Japanese are quite serious when it comes to the cryptocurrency market. since this came from a valid source there is no denying in the news stated by the Japanese major banks. Now we need to wait and see if the flows will go with the motion or not.

I think it’s a good news for this crypto market. Ripple is one of the best cryptocurrency because of its performance. People can invest on this project because it is in the 3rd position on the market.

Well a really good news for Ripple that it is considered by A chairman of a major japanese bank. Hope people will know the worth of it and consider it for investment. I expect the price to go up.   

in short if I say ripple is a easy way to transfer money or anything that value globally. many stabilised countries prefer ripple for any kinds of global exchanges cause in the normal way the system is quite complicated and definitely time consuming so it's definitely brings a new revelation .

Recently a news is spreading that the chairman of the major Japanese Bank has declared that He thinks the Ripple can become the global standard of currency.

In my opinion, he has his own subjective interest in this currency and nothing more. That's why he says so. Most likely he invested in this currency

Ripple is doing great and people turning towards it because of its amazing potentialities for future.

Japan is a country with a developed economy and its government was the first to recognize Bitcoin and the crypto exchange, so in the field of cryptocurrencies it is worth to listen to the opinion of Japanese experts. Ripple has an influential team and investors, so I would not be surprised if Ripple was once the world's money standard, especially since it's a centralized coin and it's absolutely "convenient" for the government of the USA and its special services. It is no coincidence that the US government stated that anonymous cryptocurrencies are a threat to the state, I think it is quite understandable that the US government declared war on anonymous cryptocurrencies and possibly all other coins with its statement.

It's normal to raise the price now, since a very honorable person predict it. However, people will start to invest there, that will raise its demand and then price might increase.

XRP as Global Standard Currency

According to a local cryptocurrency analyst CryptoEri, Kitao stated that XRP, the native cryptocurrency of the Ripple blockchain network, significantly optimizes the global financial system and has the potential to evolve into the global standard of cryptocurrency and money.

“Mr Kitao, CEO of SBI Holdings, just a few minutes ago, spoke at Keynote in Tokyo Blockchain. He believes XRP will be the global standard. Mr Kitao added, ‘using XRP can create a more efficient world,’” CryptoEri reported.

The Japan Blockchain Conference is the largest conference in Japan that focuses on the discussion of the cryptocurrency market, including projects, emerging solutions, regulation, growth, and investment. The conference, which was attended by more than 10,000 individuals, partnered with some of the most influential financial conglomerates such as SBI Group and Nasdaq, featuring Ethereum and Cardano creator Charles Hoskinson and Bitcoin.com CEO Roger Ver as two of many other high profile entrepreneurs in the blockchain sector.

At the conference, Yoshitaka Kitao, who has overseen the second biggest bank in Japan since 2014, said that XRP has already created a more efficient ecosystem and platform for banks to use in settling cross-border payments with lower fees and shorter processing periods.

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XRP price go up?