XRP 589 Dollar Price Prediction May Be Closer To Fulfillment As SBI Ripple Asia Tries XRP-Powered MoneyTap Among Other Developments

sbi holding group japan

XRP news today – Ripple has been making a lot of progress in terms of adoption and promotion of XRP. The XRP use cases are increasing everyday with one proving more efficient than the one before. In our XRP news yesterday, we mentioned that the SEC was making plans to issue no action letters to cryptocurrency projects that are regulatory complaint even if they did not follow the security rules during the first sale. If XRP is declared a security and the SEC issues a no action letter to Ripple, they will not pursue any legal action against Ripple. This may be the game changer for XRP that will eventually lead to mass adoption. However, Ripple’s partnerships and XRP use cases also have major roles to play in the space. Legelatory clarity will pave a way for more partnerships and investors to the XRP rich list. SBI Ripple Asia recently planned trial with the XRP-powered MoneyTap app. How will this projects affect the XRP price prediction 2019?

XRP News Today – XRP Price Prediction 2019 – XRP Prediction 2019 – XRP Latest Update – SBI Ripple Asia Will Change The Game For XRP

According to the XRP news on Cointelegraph, a subsidiary of SBI, a Japanese financial services giant, SBI Ripple Asia, has developed a store settlement service that would change the game for XRP. This service, which is affiliated with SBI Holdings and was developed by XRP-Powered MoneyTap, will allow stores provide full instore payment. MoneyTap is one of the XRP-powered products that also uses xCurrent to enable almost instant remittance service on a domestic level. The project by SBI Ripple Asia, will kick off before the end of the year but a trial will happen before then.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.289
0.148%

The remittance solution uses QR codes from smartphones and the first trial will happen in a restaurant in Roppongi 1-chome Izumi Garden Tower by SBI. As the trial takes place, the company will take note of the user experiences to make sure that it is satisfactory before the launch of the original version. The goal is to promote the adoption of MoneyTap and in extension, XRP.

The MoneyTap app is fully licensed by regulators as an “Electronic Settlement Agency Service Provider”. So, there is no need for users and store owners to worry about getting into trouble with regulators. In March, MoneyTap received investments from about 13 Japanese banks.

XRP News Today – XRP Latest Update – Current Price Of XRP – What This Means For XRP

SBI is a giant in the Japanese market and in the entire world. The fact that SBI decided to invest heavily in Ripple shows that they see the potential of its technology. This is a big deal for Ripple and XRP. On several occasions, the banking institution has expressed optimism in the future of Ripple and XRP. This April, the CEO of SBI Holdings, Yoshitaka Kitao, became one of the executives of Ripple Labs Inc. The company has also many other cryptocurrency investments with other companies.

At the time of writing, the price of XRP was $0.432897. This means that it is down by 0.66% against the USD and down by 1.16% against the price of BTC. The trading volume over a 24 hour period is $1,597,584,495 and the market capitalization is $18,260,440,121. With more moves like this, XRP will eventually reach mass adoption. The XRP 589 dollars price prediction will no longer be a myth.

What do you think about the XRP price prediction 2019 in our XRP news today? Can adoption and increased use cases drive the price of XRP to $589? Share your thoughts about the XRP news in the comment section below.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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