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Pro Super Smash Bros Player Will Use XRP for Salaries

Jamie West by Jamie West
October 15, 2020
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Tokyo, Japan – Due to the continuous spread of the coronavirus pandemic, many businesses experienced the biggest economic shock, including XRP. Many developed countries’ bond yields also dropped sharply, and institutional investors were put into a challenge.

However, as the states gradually reopen for business, many economists and experts expect partial healing on XRP. All cryptocurrencies are regaining their powers back and sustaining above their immediate support levels.

As XRP starts to increase again, it is getting more popular among e-sports and online gamers worldwide. The latest player who moved to crypto is a professional Super Smash Bros gamer named Kengo “Ken” Suzuki. He became famous for playing crossover action-fighting game, including the famous Super Smash Bros. According to the player, he signed a contract with SBI e-Sports, a Japanese gaming arm, and eventually became the world’s best Sonic player.

According to SBI’s official announcement on October 15, 2020 (Thursday), Ken is now part of SBI e-sports’ latest SSSBU division. Therefore, Ken will receive his salaries through XRP instead of the local Japanese Yen. SBI reported that they want to establish a crypto-focused venture to promote quick and safe exchange procedures.

Since Ripple accounts offer a fast, secure, and versatile payment platform, Ken gladly confirmed that he now belongs to the SBI e-sports’ SSBU division. With XRP, he can transact without government intrusion or bank participation. The exchange fees are also more reasonable, nothing in comparison to other cross-border payments.

2020 may not be an excellent kick start for Ripple, but it continuously builds a reputable name in the cryptocurrency industry. According to experts, it has gained over 150 percent of its starting price in January 2020. XRP also received a little price recovery in May after struggling to sustain little gains from February to April.

Undoubtedly, XRP remains as a well-trusted and reputable cryptocurrency worldwide. Since it serves as a mediator that settles transactions from PayPal and Swift, e-sports players like Ken no longer have to experience costly endeavors that tie up resources when processing international payments. It is an excellent platform to free up capital and guarantee the most competitive rates available today.

Now that Ken uses XRP in receiving salaries, he can finally take away the need for pre-funded Nostro accounts. For instance, with XRP, a US bank can transfer USD for XRP, then XRP to Japanese Yen, in a fraction of cost and time. Rather than taking up to five days and over $30 for processing, it will only take Ken around ten seconds and cost a minimal fee.

jamie xrp news | XRP & Ripple News
Jamie West
Tags: cryptocurrencye-sportsJapanKengo Ken SuzukiKengo SuzukiSuper Smash Bros
Jamie West

Jamie West

Jamie is an XRP veteran & keeps his finger on the pulse when it comes to all things crypto.

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XRP News – Keeping You Up To Date With All Things XRP & Ripple

In the rapidly evolving world of digital finance, XRP stands out as a pioneering force, reshaping the landscape of cryptocurrency and blockchain technology. As a core product of Ripple Labs, XRP is not just a digital currency; it’s a breakthrough in how we perceive and engage with global financial transactions. This article delves into the essence of XRP, exploring its distinctive features and the reasons behind its growing popularity.

Unmatched Transaction Speed

One of the most compelling attributes of XRP is its unparalleled transaction speed. In a world where traditional banking can take days to process cross-border payments, XRP offers a stark contrast with its ability to settle transactions in mere seconds. This efficiency is a game-changer for both individuals and businesses, ensuring that funds are transferred quickly and seamlessly around the globe.

Low Transaction Costs

Another significant advantage of XRP is its incredibly low transaction fees. Compared to other major cryptocurrencies and traditional banking methods, XRP stands out for its cost-effectiveness. This feature makes it an attractive option for micropayments and regular international transfers, offering a more affordable solution for everyday transactions.

Scalability and Sustainability

Scalability is a critical factor in the cryptocurrency world, and XRP excels in this aspect. Designed to handle a large volume of transactions without compromising speed or cost, XRP is well-equipped to meet the demands of a growing digital economy. Additionally, its consensus protocol is less energy-intensive than the traditional proof-of-work used by many cryptocurrencies, making XRP a more environmentally sustainable choice.

Broadening Financial Access

XRP is not just a tool for efficient transactions; it’s a catalyst for financial inclusion. By simplifying and reducing the cost of cross-border payments, XRP has the potential to open up global markets to individuals and businesses who previously found these transactions prohibitively expensive or complex. This democratization of financial services is a cornerstone of XRP’s vision.

The Ripple Effect

Ripple Labs, the company behind XRP, is continually expanding its partnerships with financial institutions worldwide. These collaborations are not only a testament to the reliability and practicality of XRP but also a driver for its adoption in mainstream finance. As more banks and payment providers integrate XRP into their systems, its impact and relevance continue to grow.

A Community of Innovators

The XRP community is a vibrant and dynamic force, comprising developers, entrepreneurs, and enthusiasts. This community is at the forefront of exploring new use cases for XRP, pushing the boundaries of what’s possible in the realms of digital payments and blockchain technology.

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