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SBI Holdings, a Japan-based consortium, is considering paying its shareholder dividends in XRP, taking after MorningStar, which started since the beginning of 2019.
As reported, SBI CEO Yoshitaka Kitao made known that the firm is ruminating on the action while also weighing the future prospects of such action.
The idea is to begin as early as March 2020, however, it is an opt-in decision based on the acceptance of shareholders.
MorningStar also offered 30 XRP to its shareholders who have a minimum of 100 shares by the end of September.
The decision to introduce XRP dividends increased the number of applicants requesting to join SBI VC Trade, Kitao stated at some point.
SBI has been working on the promotion of XRP. The firm launched SBI VC purposely to increase the adoption of XRP in Japan.
Also, SBI-Ripple Asia, a consortium innovated by SBI Holdings, has been behind the adoption of Ripple technology in the continent.
Ripple and SBI co-launched MoneyTap. The almost-instant payment app is now being adopted by different financial institutions across Japan and beyond. More banks are now integrated into MoneyTap.
Also, SBI Remit, the remittance division of SBI, is also making use of Ripple’s xCurrent.
Kitao is one of Ripple’s board of Director. He settled the dispute between Ripple and R3, a blockchain firm where SBI has some shares.
Another University in Japan Runs XRPL Validator
Ripple’s collaborations with leading universities across the world with its University Blockchain Research Initiative (UBRI), is opening XRP to lots of opportunities as another university in Japan launched its XRPL Validator.
京都大学に引き続き、東京大学でもXRP Ledgerのバリデータの運用が開始されました！
「バリデータ」って何？という方、こちらのFAQをご参照下さい👉https://t.co/KTAtecD5GT pic.twitter.com/sQar0TxdL7
— Emi Yoshikawa 🌎 (@emy_wng) December 2, 2019
Emi Yoshikawa, Senior Director, Global Operations at Ripple, revealed that the University of Tokyo (Todai), has launched its XRPL Validator, not long after Kyoto University in Japan also revealed in November that it was running an XRPL Validator.