Ripple and Chainlink serve different purposes in the strategy of the large Japanese financial group SBI Holdings, not as competitors.
Ripple's collaboration focuses on payments and liquidity, while Chainlink handles data infrastructure and asset tokenization. Both complement each other to promote blockchain technology application in the Japanese and Asia-Pacific markets.
MAIN CONTENT
Ripple supports SBI in fast payments and cross-border money transfers using XRP.
Chainlink provides asset tokenization infrastructure, transparency, and security for large organizations.
The two projects do not compete but rather complement each other to develop the blockchain ecosystem.
What is Ripple's role in payments and liquidity management?
Ripple has established a long-term partnership with SBI Holdings, not only from an investment perspective but also in practical applications. A prime example is MoneyTap, an app that allows Japanese users to make instant money transfers between banks and ATMs.
SBI also uses XRP in international money transfer activities to minimize transaction time and costs. Additionally, SBI's digital division is researching NFT projects on the XRP Ledger, expanding application capabilities beyond payment fields.
Ripple and SBI Holdings are also collaborating to introduce the RLUSD stablecoin, expected to launch in early 2026, managed by SBI VC Trade, aiming to enhance the cryptocurrency ecosystem in Japan.
What role does Chainlink play in tokenization and data infrastructure?
The collaboration between SBI and Chainlink focuses on developing infrastructure for large financial institutions, not targeting retail payments. Chainlink emphasizes tokenizing real assets such as real estate, bonds, tokenized funds, and managed stablecoins in Japan, then expanding to the Asia-Pacific region.
Tools like Chainlink's Proof of Reserve and SmartData help increase transparency and safety for stablecoins and tokenized funds, meeting the strict requirements of large organizations. This infrastructure aims to build a high-scale blockchain application platform, going beyond traditional payment scope.
Why are Ripple and Chainlink seen as complementary rather than competitive?
Attorney Bill Morgan emphasizes that Ripple and Chainlink are not competitors but rather complementary pieces in SBI Holdings' technology strategy. Ripple focuses on payment and liquidity networks, while Chainlink builds infrastructure for tokenization and application in the organizational field.
Morgan rebuts negative views regarding XRP or the idea that Chainlink will monopolize the cryptocurrency market. In reality, both projects play essential roles, jointly supporting the sustainable development of blockchain.
“Ripple and Chainlink address very different issues in the financial ecosystem; they do not compete but rather push for long-term development together.”
– Bill Morgan, Attorney specializing in XRP, 2024
Frequently Asked Questions
What does Ripple support SBI Holdings with in the payment field?
Ripple helps SBI build the MoneyTap app for instant remittances, using XRP to speed up and reduce the costs of international transactions.
What solutions does Chainlink provide for SBI and the financial market?
Chainlink helps tokenize real assets, stablecoins with management, and develop transparent infrastructure for large financial institutions in Japan and Asia.
Why are Ripple and Chainlink not seen as competitors?
Each party focuses on different solutions: Ripple on payments, Chainlink on data infrastructure for tokenization, forming a mutually supportive value chain.
What is RLUSD stablecoin and who manages it?
RLUSD is a stablecoin developed in collaboration between Ripple and SBI, expected to launch in early 2026, managed by SBI VC Trade in Japan.
Does Ripple have any other applications besides payments in Japan?
SBI is exploring an NFT project on the XRP Ledger, expanding Ripple into new fields beyond payments.
Source: https://tintucbitcoin.com/bill-morgan-giai-thich-khong-canh-tranh/
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