Home News Blockchain XRP Will be Used In All Banks in Japan by 2025

XRP Will be Used In All Banks in Japan by 2025

February 27, 2019 14:45
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XRP, which was previously known as Ripple has been on an astronomical high in the past few weeks. While the value has been besieged by the all-pervading crypto winter, XRP has made significant headway in other areas such as adoption.

Recently, XRP was listed on cryptocurrency exchanges, Coinbase and OKex. As reported by Crypto-News India, on Tuesday, Coinbase said in its announcement that its Pro users in Canada, United States, European Union, United Kingdom, Singapore and Australia will be allowed to trade XRP. Users in other countries will be allowed to trade it later. XRP community had been waiting eagerly to see their beloved coin listed on Coinbase, so this news obviously came as a big cheer to them.

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The listing on OKEx can be counted as a major milestone for the mainstream adoption of XRP because OKEx is 3rd largest cryptocurrency exchange in the world by daily trading volume.

Following which, the Holdings President and Representative Director Yoshitaka Kitao of Strategic Business Innovator Group (SBI), Japan, stated that all banks in Japan will be using XRP by the 2025 Osaka Expo. He had earlier stated that SBI VCTrade will go live in March, which means that verified members will be able to purchase the XRP token, among other tokens, with the Japanese Yen (JPY), as reported by news portal Invest in Blockchain.

While speaking to another news portal in Japan, Coinpost, Kitao had said, “The use of “xRapid” using XRP is getting widespread, and the number of companies participating in ripple nets is increasing substantially. Therefore, in such a meaning, it seems that the use of Ripple ‘s technology will gradually become used in the form of using “XRP” in the international money transfer field. Virtual currency is tough unless there is “real demand”, but we believe firm “real demand” will come out from now on.”

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