Ripple partner and investor, SBI Holdings, announced plans to integrate Ripple-powered settlements across ATMs in Japan. The news was revealed in SBI’s latest financial report, announcing a plan to integrate the Ripple-powered settlements platform MoneyTap with ATMs run by various banks across Japan. The integration is intended to provide consumers with easier access to funds at ATMs regardless of their banking affiliation. SBI to integrate Ripple tech across Japanese ATMs SBI claims that integrating MoneyTap will also allow banks to reduce the costs incurred through operating an ATMs, stating: “Currently, each bank has an ATM with its own bank app, …

This week’s headlines from Japan included SBI Holdings pairing up with Redstone Digital for a joint venture fund, LayerX teaming up with GMO Aozora for digitalization research, Decurret working to put aspects of the health system on the blockchain with Tokio Marine & Nichido Fire Insurance, BitFlyer exchange releasing a commercial, and a data company producing a report on crypto in Japan. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. SBI Holdings starts up joint venture fund with Redstone Tokyo-based SBI Holdings has paired up with Redstone Digital, a German venture capital outfit, …

Yoshitaka Kitao, Chief Executive Officer (CEO) of Japanese financial giant SBI Holdings, has proposed Ripple partner with multinational companies in addition to financial institutions. His recommendation was partially influenced by Japan’s handling of the COVID-19 pandemic. Kitao, also a Ripple board member, talked to reporters gathered for an SBI conference call on April 28. The CEO said that his lawyers would attend Ripple’s next executive committee and asked them to promote new partnerships with multinational corporations like Big Shosha, a Japanese trading company. "By adding multinational companies to the Ripple network and not just financial institutions we can expect [the …

This week’s headlines from Japan included Rakuten Wallet, GMO Coin and DMM crypto exchanges achieving regulatory registration, SBI Holdings' VC Trade exchange announcing a 1,700% increase in fiscal year pre-tax profit, and SBI Holdings' CEO calling out the supply chain amid the coronavirus pandemic. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Japanese exchange gains financial instruments license Crypto exchange, Rakuten Wallet, now holds status as a Kanto Finance Bureau-registered operation, "as a first-class financial instruments business operator based on the Financial Instruments and Exchange Act," the company announced on May 1. At …

The second largest bank in Japan will sign a deal with SBI Holdings to offer digital banking services available on smartphones. According to an April 27 article in the Nikkei newspaper, the Sumitomo Mitsui Financial Group (SMFG) and SBI have launched the first steps towards a multimillion dollar agreement expected to conclude later this week, before Japan enters its Golden Week banking holidays. In June, SMFG will acquire a 20% stake in SBI subsidiary NeoMobile Securities, holdings worth several billion yen. By the end of this year, SBI will accept an investment from SMFG to create a new $1 billion …

A subsidiary of Japanese financial services giant SBI Holdings has seen its share of Bitcoin Satoshi’s Vision (BSV) mining pool share rise since the first halving on April 10. According to cryptocurrency information site CoinDance, cryptocurrency mining company SBI Crypto held about 4.4% of the total shares of BSV last week, but those numbers jumped to 15.28% on April 13. Source: Coindance The halving of BSV comes just a short time after BCH's halving event on April 8, and approximately one month prior to Bitcoin's halving, expected between May 11-13. SBI Holdings’ ties to Craig Wright Yoshitaka Kitao, Chief Executive …

This week in Japan, SBI Holdings’ president said to watch for central bank digital currencies, or CBDC, Coincheck exchange tallied top app downloads for exchanges is 2019, Japan’s central bank head forecasted CBDC demand, a Japanese political party proposed blockchain for document security, and a research institute unveiled a crypto index. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. President of Japanese financial services giant says CBDC is a big deal Yoshitaka Kitao, President of Tokyo-based financial services company SBI holding, called central bank digital currencies “the biggest thing to watch out for,” …

Ripple, the blockchain payments firm behind XRP, the third biggest altcoin by market cap, has raised $200 million in a new funding round. Led by closed-ended investment company Tetragon, the new Series C funding round was also joined by Ripple’s major Japanese partner SBI Holdings and venture capital firm Route 66 Ventures, the firm announced on Dec. 20. The new funding will reportedly help Ripple to continue improving its global payments network and the broader utility of the digital asset XRP and the XRP Ledger, the announcement reads. Despite 73% sales drop in Q3, Ripples sees strong yearly growth The …

Japanese financial services giant SBI has partnered with Germany’s second-largest stock exchange Boerse Stuttgart Group to promote the adoption of digital assets. Specifically, SBI will invest an undisclosed amount in two digital asset-focused subsidiaries of Boerse Stuttgart Group — Boerse Stuttgart Digital Exchange (BSDEX) and Boerse Stuttgart Digital Ventures, Cointelegraph Japan reports Dec. 20. BSDEX is a new cryptocurrency exchange venture launched by Boerse Stuttgart Group in September 2019, while Boerse Stuttgart Digital Ventures is the parent company of Sowa Labs, a firm that developed crypto trading app Bison. SBI and Boerse Stuttgart Group to “create digital asset demand worldwide” …

London-based cryptocurrency compliance firm Elliptic has launched a new tool that allows banks to work more closely with crypto exchanges. Dubbed Elliptic Discovery, the product collects detailed profiles of more than 200 global crypto exchanges to enable banks to manage risks associated with crypto transactions, Business Insider reports Dec. 11. Elliptic Discovery includes data collected since 2013 Designed specifically for banks, Elliptic Discovery reportedly provides compliance teams with necessary insights to identify flows of funds on crypto assets and assess risks including money laundering. The tool is reportedly based on Elliptic's data that was collected since 2013 and offers a …

Japanese financial services giant SBI Holdings is considering to pay shareholder dividends in the form of XRP tokens, following the same practice by its subsidiary MorningStar. After MorningStar started offering its shareholders dividends in XRP earlier this year, SBI CEO Yoshitaka Kitao revealed that the company is now considering to follow suit, Cointelegraph Japan reported on Dec. 5. SBI would launch the program during the fiscal year ending in March 2020, with Kitao further stating that it is opt-in. MorningStar’s XRP dividends grew SBI's crypto business MorningStar Japan, an independent financial investment research firm, first revealed its plans to incorporate …

In this week’s selected cryptocurrency- and blockchain-related news from Cointelegraph Japan, the Japanese Liberal Democratic League said that it will formulate a quantum technology innovation strategy by the end of this year, crypto exchange Coincheck’s registered users are steadily increasing, Mt. Gox trustee extends the submission deadline again, and the SBI Holdings president is thinking about expanding into Europe with security token offerings. Here is the past week of cryptocurrency and blockchain news in review, as originally reported by Cointelegraph Japan. Japan will propose a quantum technology strategy The Japanese Liberal Democratic League for Quantum Technology Promotion, which promotes quantum …