To promote the domestic adoption of XRP Ledger, XRPL Japan has launched｜TEAMZ WEB3 AI SUMMIT

## TEAMZ Event Session

At the TEAMZ WEB3/AI SUMMIT held in Tokyo on April 16th, XRPL Japan, focused on the Japanese market, officially announced its community launch.

The keynote session by co-founder Mai Furukawa, along with an interview with Furukawa and Kentaro Masuda, a director of XRPL Japan, revealed details about the activities of XRPL Japan and its future prospects.

Main features of XRPL

XRPL is a blockchain that implemented the world’s first DEX in 2012. Mr. Furukawa explained in the session, “The characteristics of XRL are that it is fast, cheap, and scalable, but unlike other blockchains, it is truly cheap. It can settle in less than a penny and in 3 to 4 seconds.”

It was emphasized that “the current mainnet has no smart contracts, so there is no contract risk, and it can reduce audit costs when companies adopt it, making it very much designed for enterprise-level use.” Mr. Masuda also mentioned in an interview that it “matches the conservative Japanese climate,” referring to its compatibility with the Japanese market.

Related Articles: A Complete Guide for Beginners on How to Buy Ripple (XRP), Its Future Potential, and Recommended Exchanges.

Activities of Japanese creators

Mr. Furukawa particularly emphasized the active presence of Japanese creators on the XRPL during his lecture. “There are more than several dozen Japanese NFT creators thriving globally, and it is rare to find a blockchain with such trends,” said Mr. Furukawa.

At XRPL Japan, we hold a monthly contest called “Creative Challenge” to further promote this activity. We implement an initiative that awards 300 XRP to outstanding works related to XRP, such as NFTs, articles, and blogs.

Exclusive Interview

* Co-founder of XRPL Japan, Mai Furukawa (photo right)

• XRPL Japan Director Kentaro Masuda (photo left)

Background of the establishment of XRPL Japan and future prospects

In the interview, Mr. Furukawa explained the background of the establishment of XRPL Japan. “It originally started from community activities such as participating in spaces and hackathons on X (formerly Twitter), and we decided to establish a corporation to further enhance our visibility and to develop full-scale activities,” Mr. Furukawa reflected on the background.

Current activities include holding online workshops like blockchain study sessions twice a month, providing monthly updates for developers on X, and hosting casual chat spaces. Offline events are also planned for the future.

“Not only in Japan, but also participating in the APEX event in Singapore, I would like to promote the Japanese community internationally,” said Mr. Furukawa, also mentioning international expansion. Through participation in the “APEX” event to be held in Singapore from June 10 to 12, he is also considering activities across the entire Asia region.

Significance of SEC Lawsuit

Regarding the legal positioning of XRP, Mr. Furukawa emphasizes that “the official recognition that XRP has not been classified as a security is of great significance for the industry.”

Mr. Furukawa analyzed that this trial is groundbreaking in that it has ultimately turned favorable and has been officially recognized as not being classified as a security.

Related Article: Final adjustments towards reconciliation; the court temporarily suspends the appeal hearing between SEC and Ripple.

Focus Areas

Regarding the project development in Japan utilizing XRPL, Mr. Masuda explained, “We are focusing on two areas: RWA (Real World Assets) and NFTs.”

“RWA is an area that Ripple is also focusing on, and we will expand the development of RWA utilizing XRPL. Japanese companies have a very high demand for NFTs, and we want to actively showcase the advantages of XRPL,” said Masuda.

Furthermore, Mr. Masuda explained that “while there are many developer-centric events driven by the community, XRPL is different. It aims for a unique ecosystem that merges investors and developers.” He mentioned that they are also inviting investors as observers in hackathons, aiming to build a community that looks towards funding excellent projects.

possibilities beyond international remittances

Regarding the value proposition of XRP beyond international remittances, Mr. Furukawa explained, “The acquisition of Hidden Road by Ripple is a groundbreaking event that merges financial blockchain companies with brokerage firms.” He discussed future prospects, stating that “a wider variety of financial transactions will become possible on the XRPL, evolving into a value proposition that goes beyond mere remittances.”

What is Hidden Road?

A prime brokerage firm acquired by Ripple for $1.25 billion (approximately 190 billion yen). It processes over $10 billion in transactions daily and has more than 300 institutional investor clients. It is also FINRA licensed, and there are expectations for the expansion of financial transactions on the XRPL in conjunction with Ripple’s RLUSD stablecoin.

On the other hand, Masuda focused on the technical aspects, emphasizing that “XRPL’s strength lies in its ease of development. Those creating projects in companies do not necessarily need to have a deep understanding of blockchain; with XRPL, the specifications are clear, and even a small team can develop it.”

He stated, “While there are security risks associated with smart contracts on other blockchains, XRPL is highly secure, which can lower the barriers for corporate entry,” highlighting the potential for corporate applications beyond international remittances.

Related Articles: Hidden Road, the acquisition target of Ripple, expands fixed income asset services with approval from the U.S. FINRA.

Future Activity Policy

Finally, as a message to CoinPost readers, Masuda stated, “I want to create a community and project that can contribute to everyone, aiming for an overwhelming No. 1 community.”

Mr. Furukawa also touched on the fact that XRPL is fundamentally designed for enterprises and expressed his determination to build a unique ecosystem in Japan that leverages its characteristics. The policy is to promote the adoption of XRPL in Japan through accurate information dissemination and the revitalization of community activities.

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