CandleFocus XRP Set to Transform Japan’s Banking System by 2025
2024-10-27
Author: Content Editor
The CEO of SBI recently stated that every bank in Japan may be using XRP by 2025, indicating growing acceptance of XRP as a mainstream currency. Ripple is planning to enhance the XRP Ledger to increase liquidity and attract institutional investors, which could bring substantial funds into the network. SBI Group is a key player in adopting XRP in Japan, and Ripple CEO Brad Garlinghouse visited Japan to discuss the country's commitment to cryptocurrency and blockchain technology. Ripple has been signing contracts with major banks and recently partnered with the National Bank of Kuwait, expanding its global influence. The launch of MoneyTap, a mobile app that uses Ripple's network, shows commitment to XRP, and analysts believe SBI will promote XRP among banks in the R3 consortium. As XRP gains momentum in Japan, it may encourage other countries to embrace similar cryptocurrency strategies.
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