$XRP

🤝 XRP AND JAPAN 🤝

1. SBI Ripple Asia

Founded in 2016 as a joint venture between Ripple Labs and SBI Holdings, this partnership aims to create the “Internet of Value” in Japan and across Asia. It leverages distributed ledger technology to facilitate payments and remittances.
(Source: SBI Group)

2. Adoption of XRP by Japanese Banks

It is projected that by 2025, nearly 80% of Japanese banks will adopt XRP for cross-border payments, significantly reducing costs and transaction times.
(Source: FX Leaders)

3. Expansion of Remittance Services

SBI Remit, a subsidiary of SBI Holdings, has expanded its services by using XRP to facilitate remittances to Southeast Asian countries such as the Philippines, Vietnam, and Indonesia. This initiative ensures faster and more cost-effective money transfers.
(Source: Blockworks)

4. Supply Chain Finance Initiatives

Ripple has partnered with SBI Group and HashKey DX to introduce XRP Ledger (XRPL)-based solutions in Japan’s supply chain finance sector, promoting blockchain adoption in corporate operations.
(Source: Finextra)

5. Promotion of XRPL in the Web3 Community

SBI Digital Community has teamed up with Ripple to promote XRP Ledger usage within the Web3 ecosystem, introducing initiatives like the “Bto3” community to enhance opportunities for XRPL adoption.

Approximate Estimates:
• If XRP captures a significant portion of Japan’s cross-border payments market (estimated at $2-3 trillion annually), the daily volume could easily exceed $10-20 billion.
• Adding remittance flows and enterprise use cases could push XRP’s volume close to or beyond that of major cryptocurrencies like Bitcoin or Ethereum, solidifying its place as one of the top three digital assets by volume and market capitalization.

$XRP #xrp