Ripple (XRPUSD)

[europa7]

80% of Japanese Banks Partner with Ripple, Study Reveals
Jun 6 2024
https://www.coinspeaker.com/80-japanese-banks-ripple/

Ripple’s innovative technology has the potential to reshape the banking landscape, offering rapid cross-border transactions and minimal fees.

"...A recent study sheds light on Ripple’s significant impact on Japan’s banking sector. The study, conducted by industry experts Dr. Hossein Hassani, Xu Huang, and Emmanuel Silva, revealed that about 80% of Japanese banks have partnered with Ripple.

This marks a huge milestone in the convergence of blockchain with traditional finance (TradFi). Ripple remains a leading web3 player in reshaping global banking practices..."

Ripple’s Growing Influence in Japan
"...The Japanese banking industry has been known to be cautious about new technologies such as blockchain. The report revealed a surprising turn of events, with many Japanese banks now embracing Ripple’s technology at an unprecedented rate..."
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"...Beyond TradFi, Ripple’s Chief Technology Officer David Schwartz has hinted at plans to explore institutional decentralized finance (DeFi), aiming to integrate DeFi protocols into TradFi institutions such as banks and asset managers. By merging the advantages of DeFi with regulatory compliance and customer safety measures of TradFi, Ripple aims to spark a huge financial revolution different from anything the industry has witnessed before..."