XRP News Today: SBI Adopts Ripple Payments for Global Cross-Border Transactions

SBI Holdings, a leading Japanese financial services company, has confirmed its adoption of Ripple’s cross-border payment technology, marking a significant step in its ongoing engagement with the cryptocurrency ecosystem. The move highlights the growing integration of blockchain solutions into traditional financial systems, particularly as digital assets gain mainstream acceptance [1]. SBI’s investor presentation revealed that Ripple Payments is now being actively used by over 100 financial institutions across 55 countries, reinforcing the platform’s role in facilitating fast, low-cost, and transparent international transactions.

The adoption of Ripple Payments by SBI underscores the company’s confidence in XRP as a bridge currency for cross-border settlements. This development aligns with Ripple’s broader strategy to expand the real-world utility of its tokens and infrastructure. Ripple’s technology is already in use by over 300 financial institutions globally, though not all use Ripple Payments directly; some rely on other products like RippleNet or xRapid [1]. SBI’s emphasis on Ripple Payments signals a strategic preference for XRP-based solutions in its cross-border operations.

Looking ahead, SBI is exploring the launch of crypto-asset investment trusts and exchange-traded funds (ETFs), pending regulatory approval from Japan’s Financial Services Agency (FSA). Among the proposed products is a Gold + Crypto Hybrid Investment Trust, which would allocate a portion of its portfolio to gold ETFs for stability while offering exposure to digital assets like Bitcoin. Another proposed ETF would list directly on the Tokyo Stock Exchange and include top digital assets such as Bitcoin and XRP. If approved, this would represent one of the first regulated ETFs in Japan to include XRP, potentially opening new avenues for institutional and retail investors [2].

SBI is also planning to issue two stablecoins—one backed by the U.S. dollar and another by the Japanese yen. These stablecoins aim to support cross-border settlements, institutional trading, and B2B financial infrastructure. In addition, SBI is advancing the use of Ripple USD (RLUSD), a stablecoin backed by a diversified asset pool, through a joint venture with Circle. RLUSD’s recent integration into Transak’s platform further enhances its utility, allowing users to purchase the stablecoin directly [3].

The strategic direction of SBI and Ripple reflects a broader trend in the financial sector toward the adoption of blockchain and digital assets. Ripple’s XRP currently holds a market capitalization placing it among the top five cryptocurrencies, despite recent declines in price. Analysts have speculated that XRP could reach double-digit values, potentially hitting $12 in the next decade [1]. These projections, however, should be considered forecasts rather than guaranteed outcomes.

With financial institutions increasingly exploring crypto-backed investment vehicles, the potential approval of a regulated XRP ETF could significantly boost the token’s visibility and liquidity. SBI’s engagement with Ripple’s ecosystem and its forward-looking investment strategies position it as a key player in the evolving landscape of digital finance.

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Source:

[1] title1.............................(https://x.com/CryptoNewsFlas3/status/195136****943284988)

[2] title2.............................(https://x.com/cryptonewsflas3?lang=en)

[3] title3.............................(https://blockster.com/member/lidia-yadlos)