Cryptocurrency

Japanese Financial Giant to Expose XRP Ledger Use Cases to 28 Million People

The 2025 World Expo in Osaka, Japan, is shaping up to be a showcase of cutting-edge technology, and the XRP Ledger will play a pivotal role.

Emi Yoshikawa, Ripple’s Vice President of Corporate Strategy and Operations, has expressed excitement about Japanese financial giant SBI Group’s decision to use the XRP Ledger to mint commemorative NFTs for visitors to the Expo.

Read Also: Japan’s Prominent Financial Giant SBI Group Set to Launch Shiba Inu (SHIB) Trading on SBI VC Trade 

NFTs Enhance the Expo Experience

“Official NFTs, which we’re calling ‘MYUAKU-N,’ will be distributed to millions of visitors on the XRP Ledger throughout the World Expo 2025 in Osaka,” Yoshikawa shared in a tweet.

Attendees can earn these NFTs through several ways, including visiting specific Expo venues, completing missions, or using the Expo’s mobile payment application. Additionally, visitors have the exciting opportunity to mint their personalized NFTs.

Significance for XRP and NFT Adoption

SBI Group’s strategic choice to utilize the XRP Ledger has resonated positively within the XRP community. Vet, an XRPL dUNL validator, believes it could be a catalyst for XRPL’s growth, in his words “With an estimated 𝟮𝟴𝗠 𝗮𝘁𝘁𝗲𝗻𝗱𝗲𝗲𝘀 that’s a lot of eyeballs to increase the visibility of XRPL NFTs and the ability of it’s NFT functions to serve real-world purposes.”

The commemorative NFTs will further incorporate unique features enabled by the XLS-20 standard. SBI will leverage “non-transferable” flags, ensuring the NFTs cannot be resold, and maintain exclusivity. Yoshikawa confirmed the importance of this approach, describing SBI Group’s move as “huge.”

Read Also: Major Japanese Financial Institution Adopts XRP for Global Money Transfers

Spotlight on SBI Group

SBI Group is a major player within Japan’s financial sector, known for its innovative spirit and early investments in blockchain technology. Its choice of the XRP Ledger for the World Expo NFTs reflects confidence in its efficiency, scalability, and security. This high-profile collaboration further cements XRP Ledger’s position as a robust solution for NFT issuance, particularly in large-scale use cases.

Growth of NFTs on XRP Ledger

Bithomp data highlights the burgeoning growth of NFTs on the XRP Ledger since the XLS-20 standard was introduced. Over 6.5 million NFTs have been minted on the ledger, exceeding 5.9 million in current circulation, created by approximately 6,600 issuers. This activity underscores the potential of the XRP Ledger for innovative NFT projects.


Follow us on Twitter, Facebook, Telegram, and Google News

Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

Recent Posts

XRPScan Calls Moment Of Silence For This Massive Token Burn. XRP Army Reacts

The XRP Ledger (XRPL) community recently observed a notable event: a huge amount of DROP…

2 mins ago

How Can A Small $250 Investment In Dogecoin and IntelMarkets Turn Into Six Figures by 2025

We’ve seen everything by now. Broke investors who invested a couple hundred dollars and were…

45 mins ago

Ripple Co-founder Chris Larsen Tops Crypto Donation Log With XRP

With Election Day around the corner, cryptocurrency industry contributions to political campaigns and organizations are…

1 hour ago

Eight Easy Steps to Sign Up for the 1 Win Casino App

Step-by-Step Registration on 1Win with Bonuses for Beginners Now in Canada you can play casino…

3 hours ago

PEPE Is Still a Bullish Memecoin Alongside Shiba Inu As Bullrun Heats Up

Pepe is facing a mixed community sentiment after a whale moved $11 million worth of…

3 hours ago

Discover Best Emerging Cryptos with Unmatched ROI Potential in 2024

Blockchain technology has unleashed vast potential across various industries, driving innovations in decentralised finance, cloud…

3 hours ago