Japan is set for a major banking transformation as almost 80% of the country’s banks are waiting to introduce XRP into their system in 2025. This move could have a significant impact on cross-border payments, remittances and the wider adoption of blockchain technology in finance.
This possible shift is supported by statements from key figures in the Japanese financial sector. Yoshitaka Kitao, CEO of SBI Group, a major financial services company, has expressed his strong support for XRP and its growth potential in international remittances.
Kiato noted the increasing adoption of RippleNet and the use of XRP for cross-border transactions, emphasizing the importance of “real demand” for the cryptocurrency’s long-term success. He contrasted this view with his assessment of Bitcoin, suggesting that it lacks inherent value.
Japanese banks could streamline cross-border transactions and…
