Yoshitaka Kitao, the CEO of SBI Holdings, has said that every major bank in Japan will eventually use $XRP for payments soon.
He strongly believe that Ripple’s technology offers faster and cheaper cross-border settlements than old legacy systems.
SBI has been one of Ripple’s most vocal supporters since forming a partnership in 2016.
While there's no exact timeline mentioned, but one thing for sure is that japan is now slowly transitioning into modern payment model.
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