Demand In Japan Takes A Hike As XRP Bulls

Meanwhile, SBI Ripple Asia has been effectively registered as the licensed electronic payments agent with the Kantou Bureau of Japan’s Ministry of Finance. The consortium has just got around 60 Japanese banks that will start to utilize Ripple technology for cross-border payments.

Likewise, the MoneyTap, a blockchain-based settlement application has become one step forward to its launch. Purportedly, MoneyTap has gotten the regulatory clearance from the Japanese Ministry of Finance. This will just further encourage the development of Ripple and thus XRP.

In addition, the CEO of Wirex, Pavel Matveev Tweeted a video expressing“At an ATM in #Japan – Converting #XRP to #cash in seconds.”

Back in July Wirex added XRP to its crypto Visa card that supports more than 50 cryptos is accessible for the users in European Economic Area (EEA).

These occasions will definitely take the XRP price higher. At the time of writing, it has been trading at $0.523 with more than 2% gains.

XRP investors and enthusiasts are extremely excited as one shared, “The excitement is overwhelming. Whatever happens in the next month will be incredible.”

“XRP will be $1+ after Swell. This is where “buy the rumor sell the news” won’t work – the news is too damned good,” commented another enthusiast. With xRapid to launch soon and Swell just around the corner, good things are ahead for XRP.