In response to a thought-provoking concept, Why is there 100 billion XRP and not 21 million like Bitcoin? An XRP enthusiasts replied, “Because there are 7.8 billion people in the world, 1.4 billion unbanked and underbanked and 180 currencies in 195 countries. That’s 12.6 XRP per person. Suddenly, 100 billion isn’t much, is it?#XRP.”

SBI are accelerating their efforts to create a swap market to expand the actual demand for crypto-assets.  This is one of the important blockchain initiatives by the SBI group. 

Crypto Assets hedging is considered to be important in the process of swap trading to control the risks involved when handling crypto assets.

SBI is set to create a banking service cloud in Japan in full swing by creating new entities.  Sumitomo Mitsui Financial Group (SMFG) has taken a stake in the SBI Holdings Company.  This is great news because the swaps will deal with exchanges that are loaning XRP in another currency, which will be lower than what regular banks would offer in the same currency.  

It is expected that the demand is going to skyrocket from loan suppliers and from others who are shopping for similar loans.

Ripple tweeted:  “The Q1 2020 XRP Markets Report offers a look at the current economic effects on the #crypto markets and highlights a continued pause in programmatic #XRP sales, tracking of escrow activity and #ODL momentum.”

Clarification:  The XRP transaction volumes via Ripple Net were up by 294% in USD equivalent in Q1 2020.  It is expected that exchanges would become the biggest fan of XRP, per an XRP community member.

Sydney Ifergan, the crypto expert, tweeted:  “XRP derivatives are available in different exchanges like Binance, Huobi, OKex, AAX, and FTX. However, Ripple XRP has to get a hold of the derivatives market.”

Ripple XRP Shareholder Benefit Plan

XRP has the potential to increase the velocity and value of the money.  It is set to translate into great economic activity.  There is a lot of speculation happening about XRP getting used at some point in the future in several SBI processes.

SBI Holdings have announced the particulars of the shareholder benefit plan.  The release states that shareholders will be able to receive XRP as a benefit payment if they choose to.  Those interested will be receiving a coupon code, which they can use to obtain the token.

“Shareholders who have been holding at least 100 shares and less than 1,000 as of March 31, 2020, or more than 1,000 if held for less than one year, are eligible to decide if they are willing to receive 95XRP.  This is an amount equivalent to around ¥2,000.”