Yoshitaka Kitao, a big fan of Ripple and its XRP cryptocurrency, is being considered for a board position at Fuji Media Holdings, Japan’s biggest media company. This was proposed by Dalton Investments, an American investment firm.
Why Kitao? A History with Ripple
Kitao’s connection to Ripple goes way back. As Chairman and President of SBI Holdings, a major financial services company, he partnered with Ripple, even launching SBI Ripple Asia to promote XRP use in Japanese banking. He’s been a vocal supporter of XRP, calling it a game-changer for international payments. He was even on Ripple’s board for a couple of years.
Fuji Media’s Troubles
Fuji Media has had some serious governance issues lately. There’s been a big shake-up in leadership, with several high-profile executives leaving the company. They’ve even reduced the size of their board, trying to improve things.
A Potential Game Changer?
Dalton Investments thinks Kitao’s experience in fintech and his knowledge of XRP could be beneficial for Fuji Media. Maybe his expertise could help them find new ways to make money or at least bring some stability to the company during a tough time for the media industry. It’ll be interesting to see if he gets the position and what impact he might have.
(Note: At the time of writing, XRP was trading at $2.15.)
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