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According to the CEO of SBI Holding, Japan is the “top candidate” for Ripple’s new headquarters

October 30, 2020

Yoshitaka Kitao, CEO of Japanese financial giant SBI Holdings, He said Japan will likely be the country Ripple will move to should it leave the United States.

At a press conference on October 28th Kitao said the blockchain-based payments company has “made Japan the most promising candidate” to become its new headquarters if Ripple investigates its threats to relocate its offices in San Francisco. SBI Holdings is an investor in Ripple while Kitao is a member of the company’s board of directors.

Both the co-founder of Ripple, Chris Larsen, as CEO, Brad Garlinghouse, They expressed frustration with the lack of clarity of regulations in the United States. Earlier this month, Larsen announced that the company was considering moving to countries like the UK, Switzerland, Singapore and Japan. because the US authorities pursued a policy of “regulation by force” and fell “woefully behind schedule” for the next generation of a global financial system based on cryptocurrencies.

According to the CEO of SBI Holding, Japan is the “top candidate” for Ripple’s new headquarters
According to the CEO of SBI Holding, Japan is the “top candidate” for Ripple’s new headquarters

According to a Bloomberg story dated October 22nd Ripple has shortlisted Japan and Singapore. Garlinghouse said at the time that he had spoken to SBI about using the land as a possible location for their headquarters.

“Japan is one of our fastest growing markets, also because we have very important partners like SBI.” Garlinghouse explained.

So do SBI Holdings announced today that Ripple has completed an investment in Japanese payment company MoneyTap, apparently as part of their plans too Integrate payment processing in Ripple with ATMs in Japan. Integration should be aimed for Make it easier for consumers to access funds at Japanese ATMs regardless of bank affiliation.