The claim that 50 Japanese banks are using XRP for payments seems to be an exaggeration. According to various reports, over 60% to 80% of Japanese banks, approximately 47 to 61 banks, have partnered with Ripple or SBI Ripple Asia to explore blockchain technology, particularly RippleNet. However, most of these banks are utilizing RippleNet's xCurrent or xVia solutions, which don't necessarily involve XRP.

Confirmed Banks Using Ripple's Technology:

A financial titan based in Tokyo, fostering crypto adoption, especially XRP.

Partnered with Ripple to enhance cross-border payment services.

Integrates Ripple's XRP into its operations for cross-border transactions.

Offers faster and more reliable payment solutions using Ripple's technology.

Improves cross-border payment services for SMEs.

Some institutions, like SBI Remit, have been confirmed to use XRP for international transfers through Ripple's On-Demand Liquidity (ODL) solution. The adoption of XRP in Japan's banking system could potentially increase its value and usage worldwide.#XSuperApp $XRP