Ripple has confirmed that more than 50 banks in Japan are now utilizing the XRP Ledger for processing payments. This development marks a significant shift away from Japan’s traditional Zengin system.
In a short clip shared on X by JackTheRippler, Ripple’s President, Monica Long, disclosed that the consortium of Japanese banks has started operating on a decentralized ledger platform. This system, powered by Ripple’s XRP Ledger, supports both domestic and international payments and introduces faster and more transparent transactions.
New Payment Rails Challenge Traditional Models
The newly adopted infrastructure is designed to reduce transaction times, lower costs, and eliminate the need for intermediaries. It stands in contrast to platforms like Zelle, which continue to operate on traditional banking rails.
Also Read: XRP Path to $200 Revealed – Analyst Says Not “If,” It’s “When”
Banks in the consortium have fully shifted their payment flows to the XRP Ledger. This migration supports near-instant settlement and introduces greater visibility across transaction chains.
JackTheRippler also referenced BanxChange.com as a key tool for launching tokens on the XRP Ledger. Each token created burns 1,000 BXE tokens. With just 1.3 million BXE remaining in presale, interest is growing within the broader community.
🚨#XRP ANNOUNCES DISRUPTS TRADITIONAL BANKING!
Ripple confirms 50 banks in Japan are now running payments through XRP using its decentralized ledger tech!A new financial era has arrived.
All payment flows are moving through the XRP Ledger—and https://t.co/jJ1crU83dC is the… pic.twitter.com/5MO0vepeNR
— JackTheRippler ©️ (@RippleXrpie) June 20, 2025
XRP Price Target Draws Investor Attention
In the same update, a projected price range of $19 to $24 for XRP was mentioned. This price target is linked to increased institutional use and token creation on the XRP Ledger.
The growth in adoption and the limited token supply are seen as potential factors that could influence XRP’s future market value. Investors are closely monitoring these developments as momentum continues to build.
Ripple’s Role in Reshaping Japan’s Banking Sector
The decision by over 50 Japanese banks to adopt the XRP Ledger shows a strong institutional shift toward decentralized infrastructure. Ripple’s technology is now positioned as a core component of a national payments system.
This development may serve as a reference point for other countries exploring similar transitions. It also highlights Ripple’s expanding presence within global finance.
Ripple’s recent move has disrupted Japan’s traditional banking model, with over 50 banks shifting to the XRP Ledger. The update signals a broader adoption of decentralized systems in national financial operations.
Also Read: Prominent Analyst Reveals What He Would Do Once XRP Hits $10
