[XRP Adoption in Japan: Comprehensive List of Banks Adopting Ripple Technology]
Ripple is rapidly emerging as a major force in the cryptocurrency industry, gaining widespread attention in the Japanese market in particular. According to the CNF report, 80% of banks in Japan have established cooperation with Ripple, especially in the cross-border payment industry.
Among them, SBI Holdings, through its subsidiary SBI Ripple Asia, has played a leading role in driving the adoption of XRP in Japan. Mizuho Bank has also adopted XRP, enhancing its cross-border payment services and providing faster, cost-effective solutions to customers around the world. Sumitomo Mitsui Trust Bank and Resona Bank have also joined SBI Ripple Asia’s consortium of banks to adopt Ripple technology to enhance their services, especially in cross-border transactions.
In addition, Yokohama Bank, one of the largest regional banks in Japan, provides small and medium-sized enterprises with more efficient cross-border payment solutions by integrating XRP. The cooperation between these financial institutions symbolizes a major change in the way Japan's banking industry conducts cross-border transactions.
