Japan-based used car exporting giant “SBI Motor Japan” announced that it has added 2 cryptocurrencies to its list of payment options. SBI Motor Japan customers can now buy used cars using Bitcoin (BTC) and XRP.
Cross-border e-commerce site “SBI Motor Japan” begins accepting cryptocurrency payments
SBI Motor Japan, a Tokyo-based used car export company, now offers XRP and Bitcoin as payment options announced that he would accept Payments will be made through SBI VC Trade, the cryptocurrency trading subsidiary of financial giant SBI Group.
SBI announced on Monday that XRP is in Japan. It shows that it will be traded for the first time on the cross-border e-commerce website. BTC and XRP transactions will be held at SBI VC Trade Co., Ltd, a crypto exchange owned by SBI Group. According to SBI, the platform will use appropriate security methods to prevent money laundering and terrorist financing through cryptocurrency transactions.
In addition, to verify compliance with SBI, AML, and corporate regulations, partner partners with: He explained that he was watching and examining it at the same time. In addition to adding BTC and XRP settlements, SBI stated that it will continue to support other key projects that serve the demands of its expanding client base.
This move is seen as a positive step forward for Ripple
SBI’s cryptocurrency move is positive for Ripple, which is battling a lawsuit in 2020 for selling unregistered securities over XRP seen as a step forward. The Ripple-SEC lawsuit dealt a devastating blow to XRP and its holders, which saw some platforms discontinue support for cryptocurrencies. As we reported in
Kriptokoin.com news, Ripple CEO Brad Garlinghouse recently stated that the long-running lawsuit with the SEC will result in a positive outcome for the blockchain-based global payments firm. expressed his optimism. Aliasgar Merchant, Developer Relations Engineer at Ignite, interprets the adoption of XRP outside of the US as a good indication that litigation “will not hinder the adoption of a technology.”
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