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Ken’s idea to receive his salary on XRP over Japanese Yen will give him some added market advantage over time.
Professional Super Smash Bros. Ultimate player, alias SSBU, Kengo Suzuki in partnership with SBI e-Sports has announced that he will receive his annual salary in digital asset XRP.
“From today, I will belong to the Smash Bros. division of SBI e-sports. The annual salary will be received as crypto asset “XRP” based on the sponsorship contract with SBI VC Trade Co., Ltd,” Ken tweeted.
SSBU Player’s Salary in XRP
SBI e-Sports is a new professional esports subsidiary of SBI launched in June 2020. According to Ken’s liquipedia profile, he has approximate total winnings of $8,930. Notably, as a result of his prior winnings, Ken is considered to be the best Sonic player in the world.
Furthermore, Ken was ranked as the 9th best Wii U player of all time on the PGR100 and 2nd on the Japan Power Rankings. In Ultimate, Ken is currently ranked position 16 in the PGRU Fall 2019 Power Rankings. Hereby making him an impressive candidate for the SBI-esport and its overall XRP marketing in the Asian region.
Ken’s idea to receive his salary on XRP over Japanese Yen will give him some added market advantage over time. Notably, Ken will receive his salary digitally and be capable of liquidating the assets to any other currency. In addition, he could hold the asset as a store of value putting in mind the asset has rallied almost the same as the top digital assets in the prior rallies.
Most importantly, his partnership with SBI-esport will greatly boost his sporting career and open up for a bright future. Ken who has over 28k followers on twitter is likely to make a huge influence in XRP retail investing.
The Bigger Picture
This comes at a time when Ripple is pushing for digital assets clarity in the United States and threatens to relocate to other supportive jurisdictions if the laws are not put in place.
SBI Holdings is a major investor in the XRP market success, whereby it has partnered with other financial institutions to tap on the ODL capabilities.
XRP is the native coin on the XRPL and is ranked fourth in terms of market capitalization. At the time of writing, XRP was trading around $0.245429, having dropped approximately 2.4% in 24 hours. In addition, it had dropped approximately 17.1% in the past one year but had added around 1.7% in the past two weeks.
The asset had a market capitalization of around $11,087,080,783, with its daily trading volume at $1,395,521,186. Notably, there were 45,236,261,748 XRP tokens in the circulating supply of the 100 billion.