Ripple Is Being Favored In Japan

The recent visit of Japan’s Fukuoka city Mayor, Soichiro Takashima, to the Ripple headquarters was discussed by the VP of Corporate Strategy and Operations, Emi Yoshikawa.

The Ripple top exec shared a picture alongside the tweet “welcomed Fukuoka City, Mayor Soichiro Takashima and his team.”

Asia-Pacific (APAC) remains one of Ripple’s fastest-growing markets, with transactions increasing 130% year on year. In response to the rising demand for swift settlements and immediate access to funds, RippleNet’s On-Demand Liquidity (ODL) service has seen rapid growth in the APAC and MENA areas.

The blockchain company launched its first On-Demand Liquidity service implementation in Japan in July 2021, paving the way for greater use of crypto-enabled services in the region. SBI Remit, Japan’s largest money transfer service, collaborated with Coins.ph and SBI VC Trade in a historic step to change remittance payments from Japan to the Philippines using on-demand liquidity.

Ripple’s presence in the Asia Pacific has since grown. The company announced this week the beginning of a new cooperative project with SBI Remit to streamline Japan-Thailand money transfers. SBI Remit will enable Thais living in Japan to send money back home instantaneously using RippleNet.

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