Ripple partners could support the supply chain during a pandemic

Yoshitaka Kitao, Chief Executive Officer (CEO) of the Japanese financial giant SBI Holdings, has suggested that Ripple work with multinationals and financial institutions. His recommendation was partially influenced by Japan’s handling of the COVID 19 pandemic.

Kitao, also a Ripple board member, spoke to reporters who had gathered for an SBI conference call on April 28. The CEO said his lawyers would attend the next Ripple Executive Committee and asked them to promote new partnerships with multinationals like Big Shosha., a Japanese trading company.

“By adding multinationals to the Ripple network, not just financial institutions, we can expect that [el número de pagos transfronterizos] grow exponentially. ”

Blockchain solutions for COVID-19

Kitao believes that enforcing blockchain for supply chain management in the world after the corona virus is a more pressing problem;; He claimed that SBI saw an “interruption in the supply chain” for essential deliveries during the pandemic:

“We recognize how dependent we are on the delivery of masks from China. We are in serious trouble.”

Ripple partners could support the supply chain during a pandemic
Ripple partners could support the supply chain during a pandemic

Kitao thinks so The transparency and traceability that Ripple offers will be more important in the future.

“You need to operate multiple supply chains with some flexibility and consider which countries are best equipped to deal with a pandemic. You also need to find out which countries provide the information free of charge and work with others around the world.”

The partnership between SBI and Ripple

The two companies have worked closely together in the past, and SBI Holdings is an active partner of Ripple through its SBI Ripple Asia joint venture., which was founded to promote the use of XRP in the Asian financial markets in 2016.

Kitao is not only a member of Ripple’s Board of Directors, but is also known for his friendship with Craig Wright.who claims to be Satoshi.

Hisashi Oki from Cointelegraph Japan contributed to this article.

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