Most cryptocurrency enthusiasts will be familiar with Satoshi Citadel Industries. The company has built up a solid reputation when it comes to blockchain-based services in The Philippines. It appears the group is now working on integrating XRP support in the near future. That is quite an interesting development, to say the least.
SCI Will Support XRP Services Shortly
To put this news into perspective, BuyBitocin.ph will be the first subsidiary to enable XRP trading in the next few weeks. This allows users to buy and sell XRP in exchange for Philippine Pesos. Rebit.ph and Bitbit.cash will enable XRP support in the future as well, although no specific dates have been announced for these platforms.
Given the recent popularity boost of XRP, it is not surprising to learn companies are paying attention once again. Although many people question the use cases for XRP outside of the financial sector, this news goes to show consumer use cases are not hard to find. In fact, these may be the first consumer use cases for XRP we have seen so far. Quite an intriguing development, to say the least.
With financial institutions paying attention to XRP, there is no reason for Bitcoin companies not to do the same. Exchanges are supporting XRP, but that is only a speculative use case. Using this digital asset for remittance services and mobile money solutions is a whole different ballgame. It will be interesting to see if this news will have any impact on the XRP price over the coming weeks.
Satoshi Citadel Industries firmly believes XRP is a valuable asset. Moreover, they feel XRP can play a major role in the blockchain-based financial ecosystem in The Philippines. Whether or not a lot of people will use XRP for these remittance and mobile money services, remains to be seen. The Philippines is a crucial area for cryptocurrency and digital asset adoption, though. This news may help push the price of XRP back to this previous all-time high in the coming weeks.
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