Ripple is looking at Japan as one of the headquarters and plans to invest in MoneyTap, SBI Holdings CEO says
CEO of SBI Holdings Yoshitaka Kitao says the San Francisco-based Ripple is looking into Japan as a new market for its global headquarters on Wednesday.
In a quarterly briefing on its financial results, Kitao has confirmed that Ripple is “looking at Japan as one of the headquarters” after Ripple CEO Brad Garlinghouse singled out Japan as one of most probable destinations for the blockchain startup.
Right on the verge of the briefing, SBI Holdings said Ripple plans to invest in MoneyTap, the blockchain payments firm birthed through a joint venture between the San Francisco-based startup and Japan’s SBI Holdings.
MoneyTap, a blockchain money-transfer app launched through a joint venture between SBI and Ripple called SBI Ripple Asia, went live in 2018. MoneyTap uses Ripple’s global financial settlements network RippleNet to provide the payment services, which include peer-to-peer transfers, overseas remittances and corporate payments.
Read more: