SBI shows persistent support for Ripple and supports XRP Ledger for NFTS
SBI shows persistent support for Ripple and supports XRP Ledger for NFTS
Source: Wit Olszweski - Shutterstock
- SBI supports XRP Ledger for non -fungible tokens and tokenization.
- Ripple goes one step further into the NFT area and participates in a financing round of $ 13 million for minable.
The Japan-based financial service and crypto-custodian SBI has confirmed its support for Ripple and the XRP ecosystem as a whole. SBI confirmed his support from Ripple and the XRP Ledger in his " current management information briefing ", published on June 29 by the President and CEO of the company, Yoshitaka Kitao.
SBI says that XRP ledger XRP and other assets token can
In the document SBI said that the Ripple XRP Ledger network is suitable for the non-fungal token (NFT) space. The report added that the XRP Ledger is also suitable for "other assets". Kitao described the low transaction fees of Ripple as one of the characteristics that XRP placed in the implementation of transactions in connection with NFTS compared to other networks:
The Blockchain XRP Ledger can not only token XRP, but also a variety of other assets and has extremely low transaction fees that can be paid immediately with very low environmental impact, since it does not use mining and has decentralized trading functions. Tokenization could be an opportunity for the XRP Ledger.
In addition, the SBI document states that members of the XRP community initiated a "basic standard" for the output of NFTS in the XRP Ledger. Kitao found that the Ripplex team had previously proposed an NFTS model that could offer "richer functionality".
According to the CEO, the Ripplex team model is officially accepted after review and coordination by the community.
SBI is known as a glowing supporter of Ripple. An SBI subsidiary, Morningstar, paid the shareholders of XRP dividends. Morningstar started paying dividends in 2019 when cryptocurrency fluctuated by $ 0.25. In an official announcement in March of this year, Morningstar announced that it would pay shareholders with XRP at the end of the year.
In addition to the continued support that SBI Ripple granted, the Japanese company Ripple publicly supported the SEC in his legal dispute with the US stock exchange supervisory authority. The SBI CEO previously welcomed Ripple to move to Japan if the company from the United States were forced.
ripple takes on the financing round of the minable Series a part
Ripple has rooted in the NFT area in the NFT area with its latest investment in the NFT marketplace. Ripple is one of the prominent names that have participated in the financing round of Serie A from Mintable. The NFT marketplace announced that it secured $ 13 million in the recently completed financing round.
The CEO and founder of Mintable, Zach Burks, referred to the rapid expansion of NFT in the past few months. Burks mentioned that the acceptance of NFT increases in several sectors, including sports, entertainment, art and more. As stated in the announcement, Mintable plans to advance its operation with the acquired means. The marketplace intends to increase its growth and initiatives for user acquisition. He continued:
Since the technology matures and the area develops quickly, this is an important corporate milestone for minable, and we are grateful for the support of our investors who have the same joint conviction of the many options that NFTs can offer under mainstream users.
The renowned financing partners are John Kim from the Expedia Group, 7 0’clock Capital and Double Peak. Others are Digital Finance Group, Spark Digital Capital, 640 0xford Ventures, Reimagined Ventures and 840 Venture Partners.
Source: Crypto-news-flash.com
Kommentare (0)