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SBI CEO Yoshitaka Kitao Corrects $10B XRP Holding Rumors


by Coin Edition
for CoinEdition
SBI CEO Yoshitaka Kitao Corrects $10B XRP Holding Rumors

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AI Overview

SBI CEO Yoshitaka Kitao clarified that SBI does not own $10 billion in XRP, but instead holds about 9% of Ripple Labs. He referred to XRP as a hidden asset with potential value linked to Ripple's future growth. SBI is a crucial partner for Ripple in Asia.

Bearish
  • SBI’s CEO Yoshitaka Kitao publicly clarified that SBI doesn’t own $10 billion worth of XRP.
  • Kitao called Ripple a hidden asset that could be worth much more depending on how it grows.
  • SBI is one of Ripple’s most important global partners, specifically in Asia.

There have been speculations spread online about SBI (a financial services company in Japan) owning about $10 billion worth of XRP. The story took off quickly in crypto circles, especially among XRP enthusiasts, because SBI has long been known as a huge backer of Ripple and the XRP ecosystem.

However, SBI’s CEO Yoshitaka Kitao publicly denied the claim, clarifying that SBI doesn’t own $10 billion worth of XRP. Instead, it owns about 9% of Ripple Labs, which is the company behind XRP.

Kitao called this a potential hidden asset that could be worth much more depending on how Ripple grows in the future…

Read The Full Article SBI CEO Yoshitaka Kitao Corrects $10B XRP Holding Rumors On Coin Edition.

Read the article at CoinEdition

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$ 1.43

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Coins

$ 1.43

+1.09%

Funds

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SBI CEO Yoshitaka Kitao Corrects $10B XRP Holding Rumors


by Coin Edition
for CoinEdition
SBI CEO Yoshitaka Kitao Corrects $10B XRP Holding Rumors

Share:

AI Overview

SBI CEO Yoshitaka Kitao clarified that SBI does not own $10 billion in XRP, but instead holds about 9% of Ripple Labs. He referred to XRP as a hidden asset with potential value linked to Ripple's future growth. SBI is a crucial partner for Ripple in Asia.

Bearish
  • SBI’s CEO Yoshitaka Kitao publicly clarified that SBI doesn’t own $10 billion worth of XRP.
  • Kitao called Ripple a hidden asset that could be worth much more depending on how it grows.
  • SBI is one of Ripple’s most important global partners, specifically in Asia.

There have been speculations spread online about SBI (a financial services company in Japan) owning about $10 billion worth of XRP. The story took off quickly in crypto circles, especially among XRP enthusiasts, because SBI has long been known as a huge backer of Ripple and the XRP ecosystem.

However, SBI’s CEO Yoshitaka Kitao publicly denied the claim, clarifying that SBI doesn’t own $10 billion worth of XRP. Instead, it owns about 9% of Ripple Labs, which is the company behind XRP.

Kitao called this a potential hidden asset that could be worth much more depending on how Ripple grows in the future…

Read The Full Article SBI CEO Yoshitaka Kitao Corrects $10B XRP Holding Rumors On Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 1.43

+1.09%

Funds

Share:

In This News

Coins

$ 1.43

+1.09%

Funds

Share:

Read More

XRP Price Prediction: Ripple Has Been Invited to the White House — Is the US Government About to Back XRP?

XRP Price Prediction: Ripple Has Been Invited to the White House — Is the US Government About to Back XRP?

Ripple is heading to the White House and if you think about it, this is crazy.The Whi...
Ripple CEO Says Clarity Act Has 90% Chance of Passing by April

Ripple CEO Says Clarity Act Has 90% Chance of Passing by April

Brad Garlinghouse, the CEO of Ripple, stated that he thinks the Clarity Act will be p...