Ripple’s XRP Being Adopted by Most Japanese Banks

Ripple’s XRP cryptocurrency has been a bit of a point of contention for most in the industry. Some believe it is a scam, while others swear by it. However, it appears that in Japan, almost every bank is looking to adopt it, reports U.Today.

Speaking on the matter is the CEO of CipherTrace, a company that “helps businesses and government make cryptocurrencies safe and trusted,” who appeared at the yearly Rakuten Technology Conference:

“So, there’s over 1,600 cryptocurrencies that use blockchain. All of us have probably heard about Bitcoin, some of us about Ethereum. In Japan, almost every bank is starting to work with what is called XRP.”