Ripple partner SBI Holdings now a giant in the crypto-industry?

With SBI as its cheerleader, Ripple has managed to partner with other exchanges and banks in Asia who have also become a part of RippleNet. Apart from connecting Ripple with other financial service providers, SBI has been also pushing the Money Tap settlement network, the implementation of RippleNet software that does not use XRP.

Apart from being in a symbiotic relationship with Ripple, SBI holdings shared in its March report news of it planning to occupy 50% of RippleNet, meaning, SBI might soon be transacting 50% of the volume, according to analysts. This could be a beneficial partnership for Ripple, especially since today, SBI is more than just a financial services provider.

Timeline of Xrp