SBI Group CEO Yoshitaka Kitao, who also leads SBI Ripple Asia, has stated that he sees the XRP token becoming a global standard for cryptocurrencies and fiat money, writes CryptoGlobe.
Kitao’s company, the Strategic Business Innovator Group, is a financial services company group based in Tokyo, Japan and is listed on the Tokyo Stock Exchange.
While speaking at the Japan Blockchain Conference recently, he praised blockchain technology, predicting that it would sustain its growth into the future but was less complimentary towards Bitcoin which he regarded as “too expensive”. He went on to suggest that the crypto giant had become simple a speculative asset which users hoped would increase in value.
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