In a major development for crypto adoption, XRP is now officially accepted as a payment method in Japan. The news, shared by crypto commentator John Squire on X (formerly Twitter), has sparked excitement across the XRP community. This move signals a growing interest in real-world crypto utility, particularly in economies known for their tech-forward approach, such as Japan.
XRP Payment Adoption Goes Live in Japan
The announcement that XRP can now be used to pay for goods and services in Japan marks a key moment for the digital asset. While Bitcoin and Ethereum have led the charge in global adoption, XRP’s speed and low transaction costs make it ideal for everyday purchases. The integration in Japan could set a precedent for broader acceptance across Asia and other regions.
Why Does Japan Matter So Much for Crypto?
Japan is one of the most crypto-friendly countries globally. With clear rules and a tech-smart population, it’s often viewed as a leader in testing new digital tools. Adding XRP to its payment systems aligns with Japan’s approach of utilizing blockchain technology while maintaining user safety. This move could lead to more use of XRP in shopping, online businesses, and tourism. It also demonstrates that Japan is committed to integrating cryptocurrency into everyday life. As more people and companies follow Japan’s lead, global crypto use could grow even faster.
What Makes XRP Stand Out for Payments?
Compared to other cryptocurrencies, XRP is especially well-suited for payments because of its fast settlement times, low fees, and strong scalability. These features have already made it a popular choice for cross-border transfers. Now, with its use expanding in Japan, XRP is becoming an integral part of daily financial activities, demonstrating a practical application that extends beyond trading and speculation.
50 Japanese Banks Now Using XRP for Payments
Also, in a recent X post from Amonyx, it was revealed that Ripple has officially onboarded 50 banks in Japan to its payment network—an essential step in Ripple’s vision of building a new global financial system. All payments from these banks will now be processed through the XRP Ledger, showing growing confidence in Ripple’s blockchain technology and strengthening XRP’s role in real-world finance.
One platform highlighted in the post is BanxChange.com, the only place where both institutions and individuals can launch tokens on the XRP Ledger in under five minutes. Each new token burns 1,000 BXE, rapidly reducing the total supply. With just 1.3 million BXE tokens left at $0.015 and the presale ending July 1 (or earlier), interest is rising quickly, potentially pushing prices into the $19–$24 range.
A Boost for Real-World Utility
This update isn’t just another headline — it highlights a shift toward real-world utility for crypto. XRP being used at point-of-sale locations, either in-store or online, helps bridge the gap between blockchain tech and everyday consumers. If the rollout in Japan is successful, it could encourage merchants and platforms in other countries to follow suit.
John Squire’s tweet also posed a key question: “Who’s next?” The XRP community is already speculating about which country or company will adopt XRP next. Some believe South Korea or Singapore could be logical contenders due to their strong crypto ecosystems and financial tech leadership.
Final Thoughts
XRP’s acceptance for payments in Japan is a significant step toward integrating cryptocurrency into everyday life. With 50 banks now utilizing the XRP Ledger, it’s clear that XRP is moving beyond just trading and is starting to be used for real-world applications, such as shopping and sending money. Japan’s support could lead other countries to do the same, especially in Asia. This shows that XRP has real value in the world today, not just in the future. As more places follow Japan’s lead, XRP’s role in global finance could grow even faster.
