Japan's banking sector is preparing for significant changes: nearly 80% of banks plan to adopt XRP by 2025. XRP is showing trading activity ahead of Ethereum.
XRP Attracts Trader Attention
On the SBI VC Trade platform, the trading volume for XRP against the Japanese yen (XRP/JPY) exceeded that of Ethereum (ETH/JPY). This marks a significant shift, as Ethereum usually ranks among the top names in the crypto space. Last month, XRP was the second most-traded cryptocurrency after Bitcoin, indicating a strong and loyal following, especially in Japan, where it has been popular for years.
Support from SBI Group
Yoshitaka Kitao, CEO of SBI Group, expressed support for XRP, emphasizing its growing use in international remittances through RippleNet. He pointed out that real-world demand is crucial for XRP's long-term success, while criticizing Bitcoin for lacking inherent value.
Growing Number of XRP Users
XRP was recently made available on Mercoin, one of Japan's largest marketplace apps. This is an important step as it brings XRP to everyday users who may be buying crypto for the first time. Former Ripple executive Emi Yoshikawa noted that many Mercoin users are first-timers, which means XRP is reaching a new audience and solidifying its place in the market.
Support from key players like SBI Group and the accessibility of XRP to a broader audience highlight its growing potential in the Japanese crypto market.
