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Much has happened in the encrypted world, but what happens around XRP, ETH and BTC is particularly interesting for the crypted community as a whole. These three scrambled are the largest by market capitalization, which means they exert a certain influence on the rest of the market.
The most interesting thing right now is that the latest development puts all three into consideration. A subsidiary of the Japanese investment giant, SBI, has just made an announcement that is bound to really affect the encrypted market as we know it.
The announcement: XRP, ETH, BTC to get on the same car
The announcement was made by SBI Virtual currencies which is a subsidiary of the SBI (Strategic Business Innovator) group. In the announcement, the company said it had found a way to enable the three cryptocurrencies to be received from other exchange portfolios. However, the company also made it clear that the new integrative mechanism will be implemented in several phases.
What does this mean for XRP?
This news comes at a time when the main cryptos, in particular XRP, are fighting with their nails and their teeth to maintain their relevance in the market and drive their adoption campaigns. As such, the XRP community seems to have received the news in a more excited way. Recently, Ripple, the company that created XRP and aims to support its global adoption, has partnered with a subsidiary of the Asian SBI base to develop an electronic payment system called MoneyTap. The application is based on mobile devices and this is a big step forward in promoting the adoption of XRP worldwide.
In a statement, SBI confirmed that its main objective in the partnership with Ripple is to promote easy-to-use and safer cashless transactions that reduce transaction costs. XRP has been known to be one of the cheapest cheats to be transferred.
