Japan Turns Its Back on Ethereum, XRP Takes Over!

Well, look at this—Japan’s banking world is about to make a giant leap, and almost 80% of its banks are planning to jump on the XRP bandwagon in 2025. In a shocking (but not really) twist, XRP has now overtaken Ethereum in trading activity. The SBI Group Report tells us that XRP came in as the second most-traded cryptocurrency in Japan last month, right behind Bitcoin. It’s clear: XRP still has its loyal fans, especially in Japan where it’s been cozy for years. Who would’ve thought, huh?

XRP Steals the Spotlight

Over at the SBI VC Trade platform, XRP is eating Ethereum’s dust in the trading volume race. XRP/JPY outshone ETH/JPY. Let that sink in. Ethereum was once the cool kid in the crypto playground, but now? Not so much. Solana and Dogecoin barely made it into the fourth and fifth spots. The Japanese seem to have picked their crypto hero, and Ethereum is left behind in the dust. It’s like the sequel to a movie where everyone’s favorite character gets written out. Oops.

But here’s the kicker—XRP’s reign in Japan didn’t happen by accident. Ripple, the company behind XRP, has been buttering up Japanese banks and businesses for years. They’re practically family at this point. While other cryptocurrencies are still trying to get their foot in the door, XRP’s already a trusted friend. Familiarity breeds success, and boy, does it show. XRP is now the cool kid everyone wants to hang out with. Sorry, Ethereum, there’s a new sheriff in town.

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And let’s not forget the big boss himself, Yoshitaka Kitao, CEO of SBI Group, who is practically singing XRP’s praises. He’s all about the real-world demand, especially through RippleNet’s international remittances. Bitcoin, on the other hand? Not much value there in his eyes. Ouch. Talk about a smackdown.

XRP Gets More People Onboard

But wait, there’s more! XRP just landed on Mercoin, one of Japan’s largest marketplace apps. That’s a game-changer because it brings XRP to everyday folks—many of whom might be crypto rookies. Former Ripple exec Emi Yoshikawa pointed out that a lot of Mercoin’s users are first-timers, so XRP’s reach is about to explode. Looks like even newbies are getting a taste of the XRP action. Watch out, world!

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2025-04-28 12:59