📌 Based onMarket capitalization growth: Ripple CEO Brad Garlinghouse predicts significant growth in the cryptocurrency market capitalization, potentially reaching $5 trillion by the end of the year as the result of the partnership.
📌 Ripple and HashKey DX Partnership*: Ripple announced its partnership with Tokyo-based Hashkey DX to bring XRP Ledger to Japan. Ripple and HashKey DX will introduce advanced blockchain functionalities to Japanese businesses, starting with the SBI Group companies.
📌 XRPL-Powered Solutions*: Ripple and HashKey DX will introduce XRPL-powered enterprise solutions to the Japanese market. This will include supply chain finance solutions, which will be built on the XRPL.
📌 SBI Group Companies*: SBI Group companies will be the first Japanese corporations to utilize the XRPL-powered supply chain finance solutions.
📌 HashKey Group*: HashKey Group has achieved significant success with its blockchain-powered supply chain finance solutions in mainland China. The solution was launched in July 2019 and currently has more than 4,000 companies registered, including 23 banks and 4,300 suppliers.
- Ripple's Expansion into Japan: Ripple aims to establish itself as a leading provider of XRPL-powered solutions, catering to the evolving needs of businesses in Japan and beyond. The collaboration signifies Ripple’s strategic expansion into Japan, a move carefully orchestrated to capitalize on the country’s burgeoning interest in digital assets and cryptocurrencies which is very bullish for XRP in longer term.
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