SBI Virtual Currencies, The Sleeping Dragon.

Published date: 06/06/2018
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After what seemed a century-long wait since the early period of 2017's announcement and arguably a rather low-key build-up to the launch day, SBI Virtual Currencies has officially commenced trading for the first 20,000 or so pre-registered individuals who have been anticipating the successful release of SBI Virtual Currencies ever since Ripple joined forces with SBI Holdings Group around 2 years ago. Throughout this period, Ripple has managed to amass a whopping consortium of over 61 banks chained to SBI Holdings in hopes that XRP will become the staple payment protocol for cross-border transactions between these banks and as of now, Brad Garlinghouse's optimism towards this launch was reflected heavily in a recent interview where he stated by 2019 a majority of the world banks will be using XRP directly or indirectly through xRapid. A statement that powerful from such a heavily respected figure in the cryptocurrency industry should not be taken lightly, considering his reputation and business would be in clear jeopardy if this was just a price-pump message to the beloved XRP hodlers, something Ripple have prided themselves upon to never participate in and so far, everything Brad has promised has manifested into a reality. 

With all of these exciting developments underway, it's only logical to understand why SBI Holdings Group decided to launch a cryptocurrency exchange with XRP as its initial asset for transfer with intentions to make this the staple for the entire exchange even after the next crypto - Bitcoin Cash will be listed. Whilst the media hype wasn't the greatest, this shouldn't take away from the revolution that's taking place beneath our prying eyes. Japan - the native country of SBI, is home to over 3.5Million crypto traders and investors, all hungry for a piece of the pie and an even easier platform and accessible route to buy and trade cryptocurrencies. SBI Virtual Currencies bridges this missing chunk in the market and is set to launch publically to this demographic in around 1 month from the time of the pre-registered launch for select individuals. What's important to note is this is not just another gimmick exchange opening up for trading, this is one of the first real professional and institutional level exchanges to open in the crypto market, which in itself is something remarkable to see, however, when you account for the banking partners nearing the 100's, the dead seriousness of XRP's utilisation and adoption, you start to understand that this is one of the greatest gateways for public acknowledgment of the XRP protocol and its power to revolutionise the market. 

As more exchanges inevitably open over the next few years and banking partnerships grow, those who have chosen to leave behind technology like Ripple's and XRP's will be long-forgotten in comparison to those who have jumped onboard the train and adoption early. As more users begin using interfaces and platforms powered by Ripple and its technology, there will be no going back. Many companies will be forced to adopt the systems otherwise they face the consequences of slower transactions both internally and cross-border, potentially losing millions of customers in the process as payments averaging less than 5 seconds become a global standard. Times are changing and many are remaining ignorant to what lies around the corner in terms of revolutionary changes to society, financial sectors and the remainder of industries shifting to blockchain technology. Time will reveal all, but I most certainly have my bets on Ripple and XRP surpassing the majority of cryptocurrencies with adoption and longevity. 

If you're invested in this and expected the overnight riches that have become attached to many altcoins, you're in for a bit of a reality check. Traditional banking systems are now prehistoric, but the issue is 99.9% of them still follow the old business model. Change isn't easy, it happens over time through trial and error, fortunately, Ripple has been working on this for several years and we're finally nearing the stages where a domino effect will initiate from the very first major public-adoption of XRP. This is a long-term play, if you're not comfortable waiting several years for the opportunity to be at the forefront of the global shift to blockchain technology and catch the goliath move that's slowly erupting from the ground-level, then I'm afraid you may be in for quite a shock when XRP propels and never returns to these levels again. Embrace these days of pennies and cents per XRP, they won't be around for long. 


Comments

  • SBI Virtual Currencies, The Sleeping Dragon.
    Ryan Brown says:
    08/06/2018

    Good article. People that are disillusioned with how stable the xrp prices need to understand this is one of the coins biggest assets. If banks are going to use xrp token as a replacement currency for liquidity to make transactions, then it will never get adopted by any of the banking system if its really volatile. Currently it’s coupled with the bitcoin so massive shorterm gains to be made when we hit the next bull run, which is 100% inevitable. Once it hits a certain price, is number one and decoupled from bit coin then I believe we ll see a very steady coin that slowly rises or slowly declines over periods of time. I reiterate my point above that it can’t get mass adoption by institutions if the price is subject to volatility. We live in a sheep herd society. Once a portion of the transaction market are making payments in 3-5 seconds for a fraction of the cost, then the rest will have no choice but to follow. There’s going to be challenges and opposition along the way. Swi

  • SBI Virtual Currencies, The Sleeping Dragon.
    Mo says:
    07/06/2018

    Interesting article and a good read, reading these articles just keeps making me think why am I not buying more? #waitingforpayday

  • SBI Virtual Currencies, The Sleeping Dragon.
    Stefan Berg says:
    07/06/2018

    Very well written... The more I read, study, watching videos, podcasts. Forums, twitter etc... The More certain I get... XRP will hit $100 within a few years. This article nailed it. SBI is a huge start, wait and see when other countries follow... South Korea, China (whole Asia), USA, Canada, Europe...

  • SBI Virtual Currencies, The Sleeping Dragon.
    Steve Jones says:
    07/06/2018

    At first I just wanted to make money (like everyone else in crypto lol). But now I actually see the VALUE that Ripple and XRP brings. New GLOBAL STANDARDS on money transfer speed! Banks have no choice but to ADOPT or become a memory (like Pay phone booths). Pricele$$ article Cryptonary!

  • SBI Virtual Currencies, The Sleeping Dragon.
    Tyson Tyson says:
    07/06/2018

    I have been reading articles looking for news on a daily, it's almost addictive as it feels that we are really turning a page in history almost on weekly almost daily basis there is momumental news in the Crypto sphere with partnerships, world news adoption is ongoing! Your article outlines the hard work put in by Ripple to get to this stage.for the non believers the haters who wanna take a peek at your article to then turn around and invest, to the Hodler's who have always believed in XRP and are continuously accumulating XRP in the lows, and to the people who are on the cusp of throwing their hands in who were about to give up to the berating sounds coming from the XRP/Ripple haters who constantly were shouting XRP is useless its Centralised! it's Centralised! it's Centralised! when they don't even know the plan of Brad/Ripple/XRP because XRP aim is to become Decentralised 2018/2019! Slow and steady wins the race! Thanks for your Article Choking and humbling those haters! a

  • SBI Virtual Currencies, The Sleeping Dragon.
    Mark Shaw says:
    07/06/2018

    Great article about patience and how to build anything a house machine get the foundations in place first

  • SBI Virtual Currencies, The Sleeping Dragon.
    Mark Shaw says:
    07/06/2018

    Great article about patience and how to build anything a house machine get the foundations in place first

  • SBI Virtual Currencies, The Sleeping Dragon.
    felix says:
    06/06/2018

    Real crypto will be the future of transaction but the world need more time to get it. And if somebody speak about crypto bouble, they just dont want to go to the future and afraid of everything new. You are a great guys !! You article very intersting , I read a lot from diferent countries , but you guys the best !! keep going !!

  • SBI Virtual Currencies, The Sleeping Dragon.
    Rodrigo Antonio says:
    06/06/2018

    Well executed article Toray! Ive been Accumalating XRP and facts like this really help when making trading decisions. This article sheds some light on the work ethic that goes on behind the scenes. Fundamental Analysis is key in the crypto game!

  • SBI Virtual Currencies, The Sleeping Dragon.
    Israel Perez says:
    06/06/2018

    Another gold mine of knowledge, as always. Thanks guys to work really hard to give us the best information !!

  • SBI Virtual Currencies, The Sleeping Dragon.
    Deano Corona says:
    06/06/2018

    Thanks for the fresh content bro, really good article. The future is looking bright for anyone who follows you and your invaluable wisdom.

  • SBI Virtual Currencies, The Sleeping Dragon.
    Adonis Graham says:
    06/06/2018

    As always, every single piece of content is well thought out combined with so much knowledge. Appreciate everything you do. Is there anything you can’t do? F**cking ell.. is this the reason why Drake is silent because he can’t reach one of his top ghost writers? Your writing is mad. #FreeAdonis

  • SBI Virtual Currencies, The Sleeping Dragon.
    Hungermovesoninsta says:
    06/06/2018

    XRP hodlers - patience. All the latest and future partnerships...No crypto is moving forward like Ripple. Everything will fall into place. Article and content, as always GREAT Cryptonary.

  • SBI Virtual Currencies, The Sleeping Dragon.
    roko skender says:
    06/06/2018

    Great to once again shine on light on the macro. It's easy to get caught up in day to day trading but once we take a step back and look at the technology and opportunity from a long term standpoint our perspective changes and things become much clearer.

  • SBI Virtual Currencies, The Sleeping Dragon.
    Jerry says:
    06/06/2018

    cryptonary with the nuggs #HODL #HereForAgoodTimeAndLongTime #XRP #GANG #GANG #PuttingOurGirlsINaBigBodyBenz

  • SBI Virtual Currencies, The Sleeping Dragon.
    Elliot Fransman says:
    06/06/2018

    Very interesting from a great author 💪🏻 The rise of crypto will be historical

  • SBI Virtual Currencies, The Sleeping Dragon.
    Tom Farren says:
    06/06/2018

    Great article! These cryptocurrency articles are always packed full of knowledge. Thanks for taking the time to create and share them.

  • SBI Virtual Currencies, The Sleeping Dragon.
    Justin Bell says:
    06/06/2018

    This is such a great article. So many are looking to XRP to make them an overnight millionaire and are growing disillusioned with the current price. Ripple is seeking to turn a very large ship and that takes time.

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