According to The Crypto Basic, portfolio manager and CFA Michael Gayed suggests Japan may become the first country where banks fully test XRP in real financial systems. He highlights Japan's strong cross-border payment demand, its history with the yen carry trade, and clear digital-asset regulations as key factors aligning with Ripple's infrastructure. Gayed also points to SBI Remit's use of XRP for remittances and the MoneyTap consortium's adoption of Ripple technology as evidence of XRP's current role in Japan's financial system. He further notes that Japan's regulatory clarity and economic structure create a favorable environment for XRP adoption.
Japan Banks May Lead First Major XRP Adoption Test, Says Portfolio Manager
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Summary
According to The Crypto Basic, portfolio manager Michael Gayed says Japan could be the first country where banks fully test XRP in live financial systems. He cites Japan’s cross-border payment demand, yen carry trade history, and clear digital-asset rules as key enablers. SBI Remit and MoneyTap already use Ripple tech, showing XRP’s current role. Japan’s regulatory clarity supports Countering the Financing of Terrorism efforts and strengthens liquidity and crypto markets.
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