   
Ripple, the 7th largest cryptocurrency-related company by market capitalization, is expanding its reach. And the Asia-Pacific region’s plans may have just found the perfect partner in Japan’s mayor of Fukuoka, Soichiro Takashima.
push for adoption
Takashima and his team visited Ripple’s headquarters today, according to Emi Yoshikawa, Ripple’s vice president of corporate strategy and operations.
“Today we welcome Fukuoka Mayor Soichiro Takashima and his team to @Ripple HQ! Fukuoka is the leading city in Japan for the #Web3 initiative. I have high hopes for Fukuoka City, which is actively working on Web3.” A senior Ripple executive tweeted:
SBI Holdings, one of Japan’s most respected financial services institutions, is Ripple’s primary business partner. The two launched a joint venture that spurred the popularity of XRP among the Japanese public. Japanese regulators have also clarified that they do not consider XRP to be a security.
Ripple’s Asia-Pacific business thrives despite SEC shadow
Ripple’s payment network has been key to its success despite a lengthy US lawsuit over the sale of XRP in an unregistered securities offering. In particular, demand for the company’s cross-border remittance solutions has surged in the eastern market.
   
Earlier this week, Ripple announced a new joint project with SBI Remit to enable real-time payments between Japan and Thailand. This will allow her 47,000+ Thais living in Japan to send money instantly via her RippleNet. The San Francisco-based fintech firm recently collaborated with Travelex Bank to introduce his XRP-powered On-Demand Liquidity (ODL) service in Brazil.
At this time, it is unclear if Ripple intends to work with the city of Fukuoka in Japan on cryptocurrency adoption as the SEC v. Ripple case continues to unravel, but the strategic partnership is likely due to Ripple’s presence in the Asia-Pacific region. further strengthens and XRP will soon benefit from it.
