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SBI Holdings Testing XRP-Based Payments Platform and Use of Digital Asset in Trillion-Dollar FX …

SBI Holdings Testing XRP-Based Payments Platform and Use of Digital Asset in Trillion-Dollar FX Market | The Daily Hodl

Cryptocurrency startup FXcoin Ltd. and Japanese financial giant SBI Holdings have begun testing the use of XRP to settle corporate debts and credits. FXcoin is conducting the experiment, which involves the Sumitomo Corporation, a Japanese general trading firm, settling debts and credits to other Sumitomo Group companies with XRP.