Ripple (XRPUSD)

[europa7]

A study on Non-Performing Assets Cases and Cryptocurrency in Japan
https://drive.google.com/file/d/1zfyv-WeWKYu6GBgxZaZf14J1urcPBFAj/view

interesting perspective on XRP in Japan...imo...fwiw...looking forward to the World Expo in Osaka next year...cheers...

XRP is More Popular in Japan Than the U.s.
"...With nearly 1.36 billion units traded in February 2022, XRP was the cryptocurrency with the highest spot trading volume in Japan. In the same month, Bitcoin, which had the highest trading value, had a trading volume of about 180 thousand units as shown in Figure 2..."

Figure 2 Leading cryptocurrencies in Japan in February 2022, by spot trading volume (in million units).

"...With a lawsuit from the Securities and Exchange Commission, Ripple has had a turbulent year in the US over the past year. However, Japan is where Ripple is most well-known. In actuality, a significant portion of XRP’s price movement has been caused by Japanese investors buying the cryptocurrency and driving the price up..."

Why Japanese like XRP
"...Many Westerners don’t understand why Ripple has become so popular in Japan. Once one is familiar with Japanese customs and the confidence that Japan’s largest venture capital fund has in Ripple, the whole thing becomes clear.

The partnership between the most reputable venture capital firm in Japan, SBI Holdings, and Ripple has been the primary driver of Ripple’s success in Japan. In 2017, SBI Holdings invested close to 300 million in Ripple. In the SEC lawsuit, this investment was cited as an improper sale of a security to SBI Holdings. Even the founder of SBI Holdings and a board member of Ripple tweeted about the new all-time high of XRP, which was also referenced in the lawsuit.

Despite Ether’s position as the second largest cryptocurrency by market cap, some Japanese crypto investors may find XRP to be a more appealing investment.

According to the results of a survey published on Twitter by Japanese cryptocurrency exchange BITMAX on June 12, Bitcoin’s popularity among Japanese traders is comparable to that of the XRP token’s. 25% of the 1,498 respondents said XRP was their favourite cryptocurrency, compared to 26% who said BTC was their favourite. And 9%, Ethereum ETH ranked third..."

The Great Exodus: Why Are Japanese Investors Choosing XRP Over Bitcoin?
https://www.newsbtc.com/news/ripple/xrp-over-bitcoin/