Recent news and reports indicate a growing interest from Japanese banks in adopting Ripple's XRP currency in 2025, with notable developments supporting this trend. However, some claims should be treated with caution, as they may contain exaggerations or not fully confirmed information. Here’s a summary of the main news based on available information:

1 Potential widespread adoption in 2025:

◦ Reports indicate that up to 80% of Japanese banks may adopt XRP by the end of 2025 to facilitate cross-border transactions, reducing transaction fees and speeding up settlement times. This initiative is led by SBI Holdings through its joint venture SBI Ripple Asia, aiming to integrate Ripple technology into the Japanese banking system.

◦ It has been noted that major banks such as Mitsubishi UFJ and Mizuho may be among the potential adopters, which could lead to a significant increase in XRP trading volumes and prices.

2 Expansion of the MoneyTap Application:

◦ The MoneyTap application, supported by SBI Ripple Asia, is witnessing expansion in Japan. Partnerships have been announced with six regional banks (such as Shinonome Shinkin Bank and Nagoya Bank) to use Ripple technology in international transfers, with cumulative transfer volumes reaching $13 billion in 2024.

◦ This application promotes the use of XRP as a bridge currency for domestic and international payments, reflecting growing trust in the technology.

3 Support from major financial platforms:

◦ The Mercoin platform, a resale platform affiliated with Japanese e-commerce giant Mercari, announced support for XRP, allowing 20 million users in Japan to access the currency easily without the need for complex digital wallets.

◦ The Japanese Virtual and Cryptocurrency Exchange Association (JVCEA) also approved the listing of XRP on 31 regulated exchanges, enhancing its presence in the Japanese market.

4 Claims about the Bank of Japan's announcement:

◦ Some posts on platform X claimed that the Bank of Japan announced that all banks in Japan would adopt XRP by the end of 2025. However, this information has not been officially confirmed by reliable sources such as Reuters or the central bank itself, and should be treated with caution as it may be speculation or exaggeration.

5 Potential price impact:

◦ Forecasts suggest that the adoption of Japanese banks could drive the price of XRP up, with predictions ranging from $10 to $50 in the event of widespread adoption, and some optimistic speculation reaching $100 if XRP challenges the SWIFT system globally.

◦ However, XRP faces regulatory challenges, competition, and market volatility that may hinder this growth.

6 Banking Union to Develop Payment Platform:

◦ It was reported that 50 Japanese banks formed a union to develop a new payment platform based on XRPL (XRP Ledger) technology for domestic and international payments.

◦ A document from Mastercard also confirmed that SBI Remit (a group of Japanese banks) is using XRP as a bridge currency to facilitate transfers quickly and efficiently.

Important notes:

• Caution against exaggerations: Claims suggesting that every bank in Japan will adopt XRP seem exaggerated, as there are no official confirmations from the Bank of Japan. More reliable reports indicate a high percentage (up to 80%) but not necessarily all.

• Regulatory context: Japan is considered a leader in adopting blockchain technologies, but regulatory challenges may affect the speed and scope of XRP adoption.

• Sources of information: Reports from sources such as Crypto News Flash and Be3 show significant optimism, but they may tend to promote the currency. Posts on X reflect community enthusiasm, but they are not conclusive evidence.

Summary:

Japanese banks, led by SBI Holdings, are increasingly moving towards adopting XRP in 2025, with partnerships and initiatives like MoneyTap and support from platforms like Mercoin. Up to 80% of banks may use XRP, enhancing its role in cross-border payments. However, claims that the central bank announced widespread adoption remain unconfirmed and require further verification. It is advisable to follow official sources like Reuters or announcements from SBI Holdings for accurate updates.

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