Rakuten's recent move is pretty aggressive; Japanese users can now directly exchange Rakuten points for XRP and spend it at over 5 million merchants across Japan. This whole 'point tokenization' narrative feels all too familiar, a classic top-tier traffic gateway being opened up.
The Japanese market's obsession with Ripple is no joke, with major conglomerates leading the charge for compliant payments, effectively giving the payment sector a new lease on life. Don't be fooled by the plethora of meme coins flying around; it's the concrete application scenarios that provide real fundamental support. In the short term, this is an emotional pulse, but in the long run, it’s about the chips settling into compliant payment channels. Is this a case of old trees blooming again, or are we looking at a new narrative trap? Given the coverage, at least the liquidity narrative seems to have been rounded out. #Rakuten #CryptoPayment
#JapanNews $XRP