Japan is firming up at the most likely new headquarters for Ripple if it leaves its San Francisco offices.
Japanese financial giant SBI Holdings CEO Yoshitaka Kitao said that Japan is the most likely country Ripple will relocate to, should it leave the United States.
At an Oct. 28 press briefing, Kitao stated that the blockchain-based payments firm "Has made Japan the most promising candidate" for its new headquarters if Ripple makes good on its threats to move its San Francisco offices.
SBI Holdings is a Ripple investor, while Kitao sits on the firm's board of directors.
Both Ripple co-founder Chris Larsen and CEO Brad Garlinghouse have expressed frustration at the lack of regulatory clarity in the United States.
Earlier this month, Larsen stated the firm was considering moving to countries like the U.K., Switzerland, Singapore, or Japan, because authorities in the U.S. had a "Regulation through enforcement" policy and were "Woefully behind" in preparing for the cryptocurrency-based next generation of a global financial system.
According to a Bloomberg report on Oct. 22, Ripple shortlisted Japan and Singapore.
Garlinghouse said at the time that he had spoken to SBI about using the country as a potential location for its headquarters.
"Japan is one of our fastest-growing markets, in part because we have key partners like SBI," stated Garlinghouse.
SBI Holdings also announced today that Ripple had completed an investment in Japanese payments company MoneyTap, seemingly as part of its plans to integrate Ripple-powered settlements across ATMs in Japan.
Japan is the 'leading candidate' for Ripple's new headquarters: SBI Holdings CEO
Published on Oct 30, 2020
by Cointele | Published on Coinage
Coinage
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.