In 2025, most banks in Japan, about 80%, will be using Ripple's XRP. This is simply fantastic!
News from CryptoSquare indicates that just eight hours ago, the Japanese banking sector is set for a major transformation. It is expected that by 2025, nearly 80% of banks in Japan will integrate XRP into their systems. This change will significantly impact cross-border payments, remittances, and the use of blockchain technology in finance.
Big players in Japan's financial sector are optimistic about this change. For example, Yoshitaka Kitao, the head of the SBI Group, strongly supports XRP, stating its immense potential in international remittances. He also mentioned that RippleNet is becoming increasingly popular, and XRP is being used more frequently in cross-border transactions. For a cryptocurrency to succeed in the long term, it must rely on "actual demand." He compared it to Bitcoin, saying that Bitcoin lacks inherent value.
With Japanese banks using XRP, cross-border transactions can be faster and cheaper. People are increasingly convinced that XRP can play a significant role in Japan's finance.
Consider the many foreigners and migrant workers in Japan who frequently need to make international remittances; with the use of XRP, it will become easier for them.
Moreover, Japan is one of the world's major economies, and with its adoption of XRP, other countries and financial institutions are sure to follow suit. Western countries are also starting to accept Bitcoin, and regulations on cryptocurrencies are becoming stricter.
As a result, institutions may be more willing to invest in XRP, and the acceptance of blockchain finance may increase. With lower remittance costs, global financial inclusion could potentially improve.
In the future, Ripple will continue to expand its On-Demand Liquidity (ODL) network, using XRP for cross-border payments.
If this happens, XRP's position in global finance could become solid, especially if other countries follow Japan's example. Although it's still uncertain how many banks will use XRP by 2025, it seems that both Japan's finance and the global financial system are poised for significant changes.
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