XRP is anticipated to streamline cross-border transactions in Japan by making them faster and more cost-effective. This integration aligns with the growing acceptance of RippleNet, promising to enhance international remittances and set a benchmark for other nations.
The adoption of XRP by Japanese banks could significantly reduce remittance costs for Japan’s large expatriate community. This move is supported by Yoshitaka Kitao, CEO of SBI Group, emphasizing XRP’s practical benefits over Bitcoin for sustainable financial innovation.