Ripple Welcomes SBI Holdings CEO Yoshitaka Kitao As Board Member

While Ripple’s native currency, XRP is struggling to surge higher, Ripple isn’t left behind to take the venture to a next level. Following the success of Quarter 1 2019, Ripple likely strengthened the firm with SBI Holding’s CEO, Yoshitaka Kitao as one of its board members.

Yoshitaka Kitao is a long-term Ripple proponent and consequently, he first clued his upcoming position with Ripple in Mid-2018. Nevertheless, this clue comes as a confirmed report after Ripple’s co-founder, Chris Larsen welcome Mr.Kitao to company’s board of directors.

Mr. Larsen, Executive Chairman of the board states in a Ripple’s latest blog;

“I am excited to welcome Mr. Kitao to our Board of Directors. From conventional financial markets to digital asset markets, his deep understanding of the financial services industry will offer valuable business and financial expertise to help Ripple continue to scale. He further adds that, approximately half of our customers are located in Asia-Pac today, and we’re rapidly expanding our global footprint across the region. Mr. Kitao comes at a perfect time for Ripple as we look to deepen our customer base in Asia and beyond.”

SBI Holdings from Japan is one of the leading Financial firms with the taste of cryptocurrency – the entity has also made its name under Ripple’s partnership to employ R3 and Ripple Labs. Nevertheless, Mr.Kitao intends to bring 10,000 RippleNet members as he says that 200 members are not-satisfactory.

As accepting Ripple’s invitation to join as one of the board members, Mr. Kitao says;

Blockchain and digital assets are changing the way we move money around the world, and Ripple is the driving force behind this positive change. I am excited by this opportunity to lend my expertise and be part of the company’s next phase of growth,

What do you think about Mr.Kitao joining Ripple with his 40 years of experience.? Do you think Ripple as a company strengthen its venture even more.? Let us know in the comment below