SBI Plans To Use XRP In E-Sports Gaming Industry

It’s been just revealed that XRP seems to be gaining even more adoption these days.

Ripple and the digital asset XRP have been making headlines for quite a while.

Ripple has been working hard to promote the whole XRP ecosystem but also to push the adoption of the crypto XRP.

SBI e-sports participants could be paid in XRP

Now, it’s been reported that SBI e-sports participants could soon be earning their salaries in XRP.

The Japanese financial giant SBI Holdings rolled out an esports team back in June and just announced SBI VC Trade Company will sponsor that team. This is the financial services company’s crypto trading operation.

Via this new exciting partnership, any player for the SBI Esports who chooses so will be able to earn their salaries in Ripple’s coin, XRP, says an official SBI press release.

It’s also worth noting that this is not the first foray of XRP into the world of gaming. Back in 2019, Ripple’s investment arm, Xpring, and the blockchain gaming company Forte formed a $100-million fund to bring blockchain gaming to the mainstream.

The main goal that the fund has is to integrate the blockchain tech and XRP in existing games

The fund’s goal is to integrate blockchain technology and XRP into existing games with more than 50,000 daily active users, according to the online publication the Daily Hodl.

XRP Ledger denies rumors that Ripple plans to abandon XRP

Anyway, speaking of XRP, recently it’s been revealed that Bharath Chari, the spokesman of the newly founded XRP Ledger Foundation (XRPLF), which was established on September 24, denied rumors in an interview with Forbes that Ripple will not invest in the development of the XRP Ledger in the future, according to the latest reports coming from the online publication Crypto News Flash.

It’s been reported that the rumor came up within the XRP community.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.