Japan stands out globally for its clear regulations and strong consumer protection. Ripple has already partnered with major companies such as SBI Holdings, HashKey DX, and Mercari. This latest collaboration has further strengthened the company's presence in Japan.
It is expected that 80% of Japanese banks will adopt Ripple's XRP by the end of 2025. Therefore, the company is prepared to further drive the adoption of XRP in the region, focusing on payments, supply chain financing, Web3, NFTs, and startup financing.
Hinza Asif, president of Asia Web3 Alliance Japan, noted:
"Japan is one of the most promising and challenging markets for the adoption of Web3 and blockchain. Through this alliance with Ripple, we aim to support visionary founders and strengthen the connection between global innovation and the Japanese tech landscape."
Recently, Japan faced its largest economic crisis, driven by Trump's trade war. Prime Minister Shigeru Ishiba stated that the country was experiencing an economic crisis "worse than Greece's." Ripple's alliance with Web3 Salon offers a glimmer of hope for Japan's economic future, leveraging the power of blockchain to drive growth, innovation, and global connectivity.