In a bold statement thatās reigniting global attention toward Ripple, Yoshitaka Kitao, the CEO of SBI Holdings, has announced that every major bank in Japan will eventually adopt XRP for cross-border payments.
š± Rippleās Edge Over Legacy Systems
Kitao emphasized that Rippleās blockchain technology delivers faster, cheaper, and more efficient settlement solutions compared to traditional banking networks like SWIFT. By leveraging XRP as a bridge currency, Japanese banks can drastically reduce transfer times from days to seconds ā while minimizing transaction costs.
This aligns with Japanās broader push toward digital transformation and fintech innovation. As one of the earliest supporters of Ripple, SBI Holdings has remained committed to integrating blockchain into the countryās financial infrastructure.
š¤ A Partnership Years in the Making
SBI and Rippleās collaboration dates back to 2016, when they formed SBI Ripple Asia, a joint venture aimed at modernizing Japanās and Asiaās remittance systems. Over the years, dozens of regional banks joined the RippleNet network ā laying the groundwork for nationwide adoption.
š Japanās Transition to a Modern Payment Model
While Kitao didnāt specify an exact timeline, his statement signals a clear direction: Japanās banking system is evolving toward blockchain-based settlement. Analysts believe this could position Japan as a global leader in real-world crypto utility, further validating Rippleās role in bridging traditional finance and the digital economy.
If realized, this move could mark one of the largest-scale adoptions of XRP in the global banking sector ā and a historic step toward the future of instant, bord#WriteToEarnUpgrade
erless payments.