• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Japan’s SBI Holdings Intends To Go International With Crypto
Japan

Japan’s SBI Holdings Intends To Go International With Crypto

February 17, 2021 by Sahana Kiran

Japan’s SBI Holdings and the crypto industry go way back, thanks to its partnership with Ripple. The lawsuit against Ripple shattered several partnerships that the company has built. This wasn’t all, the price of the altcoin witnessed a major drop during the prime of the bull run. Despite this, the partnership between Ripple and SBI was intact. 


Now, the Japanese financial platform intends to spearhead the world’s transition into digitization. Speaking to Reuters, the CEO of SBI, Yoshitaka Kitao revealed that the platform wanted to elevate its presence in the crypto market by inducing a new cryptocurrency platform into the world. This wasn’t all that surprising considering the number of platforms venturing into the crypto industry. The crypto-verse’s market cap is currently at a high of $1.50 trillion. Bitcoin alone is accounting for a whopping $900 billion.

Tesla’s latest move of venturing into the crypto-verse by adding the purchase of Bitcoin into its balance sheet undoubtedly steered some heads. Speaking about the same, Kitao said,

“To become number one in the world, our choice is buying a leading company or creating an alliance with major global companies. […] Our M&A strategy will not be something like taking minority stakes in many companies.”

Musk pushed the price of Bitcoin beyond $40K by including BTC as a payment method.

While announcing that SBI was looking into acquisitions as well mergers on a large scale, the names of the possible partners were still under the wraps. Elaborating on the same the CEO and founder of SBI added,

“To become number one in the world, our choice is buying a leading company or creating an alliance with major global companies. […] Our M&A strategy will not be something like taking minority stakes in many companies.”

Additionally, Kitao revealed that there were about two deals underway pertaining to its latest venture.

This news could be beneficial to XRP considering the Japan company and Ripple’s ongoing partnership.

Filed Under: News

Primary Sidebar

Recent Posts

  • Bitcoin Cash Processes 50K More Transactions Than Bitcoin March 8, 2021
  • Burnt Banksy NFT Makes Headlines After Selling For ~$400K March 8, 2021
  • Polkadot’s [DOT] Pullback Near $30 Appears Imminent March 8, 2021
  • Ethereum [ETH] Whales Now Owns ~70% Of Total Supply March 7, 2021
  • Did Justin Sun Just Bid $2M On Jack Dorsey’s First Tweet NFT? March 7, 2021


Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2021 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.