SBI Ripple Asia Leverages XRP Ledger for Japanese Tourism Payments
SBI Ripple Asia is developing a new payment system utilizing the XRP Ledger for Japan’s tourism sector. This initiative aims to streamline transactions for visitors across various services.
Partnering for Broader Reach
The company has teamed up with Tobu Top Tours, a prominent Japanese travel agency. This collaboration focuses on creating specialized tokens and building the payment infrastructure on the XRP Ledger. The goal is to facilitate smoother payments for tourist activities, including lodging, dining, and retail purchases.
Tobu Top Tours will play a key role in expanding the network of participating businesses and promoting the system, particularly through non-fungible tokens (NFTs).
Expanding Beyond Tourism
While initially targeting the tourism industry, SBI Ripple Asia plans to extend the application of this payment system to other areas. Future use cases may include disaster relief efforts, economic development projects, and cultural initiatives. The anticipated launch for this system is in the first half of 2026.
Stablecoin Payments Arrive in Singapore
Separately, the availability of stablecoin payments, specifically USDC and USDT, has been announced in Singapore. This development introduces new options for digital transactions within the region.
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