Search ForexCrunch
  • It will initially list XRP/JPY, BTC/JPY, and ETH/JPY with more services to come in later days.
  • Earlier SBI’s sister company, Money Tap, announced an upgrade as well.

Long-time Ripple partner, the Tokyo-based SBI Holdings announced the launch of its virtual currency exchange service, “VCTRADE Pro.” It will initially list XRP/JPY, BTC/JPY, and ETH/JPY with more services to come in later days. In an official tweet, they stated:

” [Notice of Launch of Virtual Currency Exchange Service “VCTRADE Pro”] From July 31 (Wednesday) today, virtual currency physical exchange service “VCTRADE Pro” with virtual currency exchange system was launched “

According to the company, the VCTRADE pro isn’t a private transaction system. It simply works as a virtual currency exchange business on the money settlement law. SBI Group explains VCTRADE pro as follows:

“Unlike the VCTRADE (sales point system) method, VCTRADE Pro concludes a sales contract for cash virtual currency between the company and the customer when it is promised by offering bid and sell prices for each virtual currency.”

Along with this, SBI Holdings’ sister company, Money Tap, announced an upgrade after receiving investments from five leading banks. As per SBI, Ripple has a keen interest in Money Tap’s growth:

“Money Tap will now consider accepting an investment from U.S. Ripple, in order to strengthen technical cooperation and the promotion of initiatives related to international remittances.”