SBI Motor Japan, part of Japanese conglomerate SBI Holdings, has allowed African customers to pay for used car purchases with bitcoin and XRP tokens.

Transactions with cryptocurrencies will be handled by the SBI VC Trade Co platform associated with the group of companies.

The initiative was explained by the growing demand for digital assets in developing countries, particularly Africa. The SBI cited World Bank data that in 2017 more than 1.7 billion people worldwide did not have access to banking services.

Eligibility of SBI Motor Japan Partners Will Be Checked AML– Charter.

Ignite developer relations engineer Aliasgar Merchant told Cointelegraph that the SEC lawsuit against Ripple “should not hinder the adoption of the technology.”

Earlier, startup CEO Brad Garlinghouse described the trajectory of the company’s operations. SECIt allows for completion by the end of 2022.

Recall that National Australia Bank, one of the largest banks in Australia, together with the Canadian Imperial Bank of Commerce chose Ripple technology for making international payments.