Why do Japanese people love XRP?
The Asian region, as you probably guessed, occupies a significant role in the crypto industry. Among a rather densely populated region, a special place is occupied by Japanese traders and investors who are actively moving the digital market to new heights. On the territory of Japan that the vast majority of advanced projects are issued. It is in Japan that large digital platforms are registered, so local users should definitely be listened to. It is noteworthy that, according to recent studies, Ripple(XRP) became the most popular coin in Japan. Next, we will explain the reasons for such a high demand and find out whether trust in the crypt is justified. So let’s get started.
A bit about cryptocurrency
First of all, you should be reminded of the key strengths of Ripple. This coin was originally developed as a global payment instrument. It is customary to use cryptocurrency within the framework of serious companies, as the developers have created all the necessary functionality for fast and safe transfers. A simple pricing scheme allows Ripple to look profitable even against the backdrop of a general market decline. There are no problems with predicting such a coin. A simple and affordable asset from a well-known company is actively developing. Note that crypto in the industry since far 2012 and has been growing steadily since then. The creators of the project do not stop supporting the asset, constantly improving their development. Thus, Ripple successfully fits into the context of time and remains one of the key market players.
But the asset was most popular in the east. While the Western user widely appreciates Bitcoin and Ethereum, the Japanese, Chinese, and Koreans favor Ripple. There are actually several reasons. Firstly, the company itself is actively promoting its product in the eastern market. Secondly, Ripple is very convenient for conducting exchange operations with local currency. Leading regional exchanges provide this opportunity, so Ripple definitely deserves its popularity. The numbers confirm the demand for a digital coin. For example, only according to the local BitMax site, 25% of all users consider XRP the most convenient way to exchange fiat money for digital.
Should I use XRP in 2020? Does the coin have a future?
After reading about the active development of the project in the eastern region, you probably thought: is it worth contacting the crypt while living in Europe or America? In fact, Ripple has a very correct policy, equally prioritizing. The company is improving comprehensively for all markets and for all users. Satisfying a wide audience takes place in the west. For example, in the near future Ripple plans to integrate into the banking systems of large states. Recall that earlier similar initiatives were taken in Japan and Korea. But soon each of our readers will be able to fully use Ripple, using ordinary bank cards.
And this is far from the only project for the future. To clarify the stages of the future development of Ripple, you can study the roadmap on the official website of the project. The stages of Rippple are carefully planned, so before using Ripple directly, we recommend making sure that the project is reliable and progressive. XRP coins will definitely have a place in any investment portfolio, so work with crypto and follow all the industry news with us. We publish only high-quality and interesting material. Thank you for the attention. Good luck!