XRP News Today: Ripple Price Explosion Imminent After Bank of Japan Adopts XRP?

XRP could see a major boost as Japan’s banks plan to adopt it for transactions. This move, confirmed by SBI Holdings CEO Yoshitaka Kitao, might lower costs and enhance global payments.

Meanwhile, Bitcoin’s slow transactions and high fees remain an issue in this industry. But PlutoChain ($PLUTO), a hybrid Layer-2 solution, could help by making Bitcoin faster, cheaper, and more versatile.

Let’s jump in the details.

XRP Price Prediction: Could XRP’s Price Skyrocket After the Bank of Japan Adopts It?

XRP is currently trading at around $2.50 with a 6.4% drop in the last 24 hours and an 8.5% drop over the last seven days. However, Japan’s banking sector is about to undergo a major shift, with all banks preparing to use Ripple’s XRP for transactions.

SBI Holdings CEO Yoshitaka Kitao confirmed this move, which could revolutionize cross-border payments, cut costs, and position XRP as a key global currency. With Japan’s $6.37 trillion banking industry backing it, this decision might reshape both crypto and traditional finance.

Banks plan to use XRP to simplify money transfers and currency exchanges. Its fast and low-cost transactions could make financial services more efficient. SBI Holdings has long supported XRP and has worked with Ripple since 2016, focusing on remittance solutions that have proven XRP’s potential in international payments.

By acting as a bridge currency, XRP removes the delays and high fees of traditional banking, making global payments smoother. Experts believe this could boost XRP’s importance worldwide and inspire other nations to follow.

Charting Guy, a technical analyst predicts that the Ripple token could reach $4 and even possibly $8 after these updates.

How PlutoChain ($PLUTO) Might Make Bitcoin Faster, Cheaper, and More Flexible with Hybrid L2 Technology

Bitcoin leads the crypto world, but its slow transactions, high fees, and limited scalability still cause issues. While networks like Ethereum and Solana have improved efficiency, Bitcoin’s core technology has mostly stayed the same.

PlutoChain ($PLUTO), a hybrid Layer-2 solution, could help by making transactions faster, lowering costs, and improving compatibility with other blockchains like Ethereum. Instead of running everything directly on Bitcoin’s main chain, PlutoChain may process block times off-chain first, and then finalize them on Bitcoin’s base layer.

This approach might ease congestion and speed things up—PlutoChain’s block time is just 2 seconds, compared to Bitcoin’s 10 minutes. Lower fees could make Bitcoin more useful for daily transactions rather than just long-term holding.

PlutoChain’s Ethereum Virtual Machine (EVM) compatibility may also allow developers to bring decentralized finance (DeFi) apps, NFT marketplaces, and AI-powered tools to Bitcoin’s network.

Early tests suggest PlutoChain has real-world potential—it reportedly handled over 43,200 transactions in one day without downtime, showing it might manage heavy traffic efficiently.

Security is a major focus, with audits from firms like SolidProof, QuillAudits, and Assure DeFi working to keep the network safe.

PlutoChain could help Bitcoin evolve beyond a store of value into a more versatile platform for instant payments, DeFi, and decentralized governance—all while keeping Bitcoin’s core strengths intact.

The Bottom Line

Japan’s adoption of XRP could be a game-changer, potentially increasing its global use and value. If successful, it might push other countries to explore similar solutions.

At the same time, PlutoChain ($PLUTO) could help Bitcoin overcome its limitations. With PlutoChain’s help Bitcoin may finally become faster, more efficient, and better suited for everyday use.

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