SBI President Sees Ripple To Become The Market Cap King

SBI President Sees Ripple To Become The Market Cap King

Long may he reign… “Are you sure Bitcoin will be the king forever? Well, for SBI president Yoshitaka Kitao, no.

According to an interview published by the Japanese news Outlet Coinpost, Kitao said that XRP’s market capitalization will surpass Bitcoin’s market value as soon as 2019.

“Because XRP is already beginning to become international, xRapid will be used for fund transfers in 2019,” Kitao commented. “By increasing the so-called XRP’s plastic use, we anticipate that the [Ripple] market capitalization will easily exceed the market capitalization of Bitcoin (BTC).”

Kitao highlighted a very important difference between Bitcoin and Ripple, he said that one of the major problems for bitcoins is that nobody knows what is the bitcoin’s main purpose. But it is different in the case of Ripple. 

In the meantime, Ripple announced that it will be expanding operations in the middle east. Currently, the xRapid product has been implemented by the Bank of Dhofar, based by the Sultanate of Oman.

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