The dominance of BTC in the cryptocurrency market in the foreseeable future will end, and XRP about Ripple will rightfully take the place of the first cryptocurrency. This was stated by the head of the Japanese financial conglomerate SBI Holdings Yoshitaka Kitao.
He also noted that the bank plans to support a San Francisco startup in order to increase the adoption of altcoin in the world.
“We maximize our efforts to use XRP. We will provide the tools so that institutional investors can access cryptocurrency, ”said Kitao.
He added that he did not see value in Bitcoin, since it is difficult to use for practical purposes. The head of SBI Holdings stressed that XRP will be the number one cryptocurrency, and the conglomerate will make every effort to achieve this.
Earlier, JP Morgan, a major US bank, announced plans to launch a JPM Coin token for instant cross-border transfers. Many experts believe that the new coin can destroy the Ripple and the XRP token, and also seriously affect the situation in the digital money market.