Banks in Japan join Ripple

in #cryptocurrencies7 years ago (edited)

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Great news for those that are investing in Ripple. About a week ago Emi Yoshikawa wrote an article for Ripple giving the world the great news that Sumitoto Mitsui Banking Corporation and Japan Post Bank had just joined SBI Ripple Asia's Bank Consortium. According to the author less than a year ago, SBI Ripple Asia announced the creation of a Japanese consortium of banks who will use Ripple's technology for payments and settlement. The consortium consists of 47 banks that successfully completed a pilot implementation of Ripple to enable real-time money transfers both domestically and internationally with the goal of going live by year end.
I believe that this is a great time for individuals who are investing in cryptocurrencies to buy Ripple. Again, this is my personal opinion and not everyone may agree with me. I started buying XRP a few months ago and all I hear are great things about this project. The team behind Ripple is always looking for new organizations that are interested in using their blockchain technology. I always like to research cryptocurrencies and I only invest on the ones that have a REAL purpose. There are many protocols that are broken or just don't have a purpose. Ripple is definitely a protocol that has a great purpose and therefore, I see a great future for Ripple.

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