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Ripple’s XRP Dependent SBI Virtual Currencies Launches, Supports Bitcoin (ETH), Ethereum (ETH)


todaysgazette.com 21 December 2018 14:38, UTC
Reading time: ~2 m

Ripple’s XRP dependent SBI Virtual Currencies Corporation has been launched today. The platform today declared that from Friday, December 21, 2018, it will open room for the receiving of Ripple’s XRP, Bitcoin (BTC) and Ethereum (ETH).

In May, SBI Group revealed it’s planning the launch of the digital currency platform branded as SBI Virtual Currencies or SBIVC.

Afterward, the platform kick-started the acceptance of new users in June. While the much expected exchange is XRP-centric, the addition of Bitcoin and Ethereum as pairs with the Japanese currency Yen came in latter.

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Earlier, SBIVC had said it was adding Bitcoin Cash (BCH), however, it plans to do so in the future due to the hard fork that resulted in the division of the digital currency to Bitcoin Cash ABC and Bitcoin SV.

Now, SBIVC is the largest XRP-dependent exchange, and there is hope the platform will increase the usage of XRP in the nearest future.

Yoshitaka Kitao, CEO and President of SBI Group has been a strong supporter of XRP and Ripple.

Formally, Kitao said the once the platform is launched, it will see a high number of customer in a very short time.

“When we do it, it will be number one in the blink of an eye so quickly, so even if a tremendous number of customers come, we can build a system that can bear (the workload).”

However, the platform says sending of virtual currency will be possible as soon as preparation is completed from late January 2019. Now, users can only make cryptocurrency deposit.

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