There is no evidence that Chainlink is replacing Ripple in Japan; the agreement between SBI and Chainlink does not imply the removal of XRP's role.
SBI Holdings confirms a new partnership with several partners including Chainlink but still asserts that XRP holds a strategic position in cross-border payment corridors like Japan–Philippines, Thailand, and Vietnam.
MAIN CONTENT
There is no official statement indicating that Chainlink is replacing Ripple.
SBI announced a partnership with Chainlink to upgrade infrastructure, not to eliminate XRP.
XRP remains an important asset in SBI's multi-rail strategy for cross-border payments.
Is Chainlink replacing Ripple in Japan?
Short answer: There is no verified evidence that Chainlink is replacing Ripple in Japan's financial system.
Analysis: The rumor stems from a viral post mentioning the relationship between Chainlink and SBI Group, but there has been no official announcement from Ripple, Chainlink, or SBI that Chainlink will replace Ripple. XRP remains deeply integrated into many payment corridors in Japan, protecting Ripple's existing position.
Is there any official announcement from Ripple or Chainlink about the replacement?
Short answer: There is no official statement from any party about replacing Ripple with Chainlink.
Analysis: Stakeholders—Ripple, Chainlink, and SBI—have not released a statement confirming the replacement. Therefore, speculations based on viral posts cannot be considered evidence; official information from a reputable source is needed to confirm a strategic change.
What has SBI announced regarding Chainlink?
Short answer: On August 22, SBI Holdings announced a partnership with several partners, including Chainlink, to enhance Web3 infrastructure and compliance tools.
Analysis: The announcement clearly states that Chainlink provides CCIP and compliance solutions that help complete SBI's multi-rail infrastructure. However, the announcement focuses on expanding technical capabilities, not on replacing XRP in operational payment corridors.
Is XRP still a key asset in SBI's multi-rail strategy?
Short answer: Yes, SBI confirms that XRP retains a strategic role in cross-border payment corridors.
Analysis: SBI confirms that XRP is still used for corridors like Japan–Philippines, Thailand, and Vietnam due to its ability to eliminate pre-funding requirements and reduce transaction costs. SBI's multi-rail strategy utilizes various solutions but still heavily relies on XRP's cost and speed advantages for certain routes.
Verification summary table
Conclusion verification claim: Chainlink replacing Ripple: No—there is no verified evidence or official announcement; SBI's partnership with Chainlink: Yes—partnership aimed at enhancing infrastructure but not related to replacing Ripple; XRP as a key asset in SBI's multi-chain stack: Yes—XRP remains important for certain payment corridors.
Frequently Asked Questions
Does the agreement between Chainlink and SBI mean that XRP will be eliminated?
No; the agreement notes the integration of Chainlink's technology to enhance infrastructure, but SBI still confirms XRP's strategic role in many payment corridors.
Who has declared that Chainlink is replacing Ripple?
No official organization has declared that; the origin is a viral post on social media that has not been verified.
What benefits does XRP provide for the Japan–Philippines, Thailand, and Vietnam corridor?
XRP helps eliminate pre-funding requirements and reduce transaction costs, making it suitable for international corridors that require fast and economical payments.
Who should we wait for an official announcement from to verify a strategic change?
We should wait for an official statement from SBI Holdings, Ripple, or Chainlink for verified evidence about a strategic change.
Source: https://tintucbitcoin.com/chainlink-thay-the-ripple-o-nhat-ban/
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