Today I am going to tell you how the battle for Ripple is going on in Japan. In Japan, there is a financial giant called Mizuho which has shares in big companies and owns private banks in Japan and is holding assets worth more than $1,8 trillion. Let's start with the fact that Mizuho bought assets of Vanguard Group and iShares, iShares is owned by BlackRock and it doesn't feel like a coincidence the relationship between BlackRock and Ripple. Of course, they invested in the S&P500 index because there are technology companies that work for the development of blockchain applications vital for the Ripple Network. Although the point is not here. According to this article, posted on the Mizuho website in 2016, Mizuho, R3, and SBI had already started working on forming possibilities for fast e-payments. At the end of the article, there is the following statement: "Ripple Connect is a real-time cross-currency settlement solution offered by Ripple Labs, Inc., a US-based venture firm and FinTech leader." I hope you understand what is Ripple and what it is needed for. Here is the introduction to XRP from the GrayScale website where you can find accurate information about the token. This is just the beginning. Read on.

What we had in 2020: Mizuho and SoftBank are now offering loans and stock trading on smartphones. This is possible by means of PayPay app which is working on Ripple products. Here is the proof of their partnership. Before it was working on the MoneyTap system which was using xCurrent, but we know that xCurrent was recently updated and now there is a possibility to use XRP. The Mizuho and SoftBank partnership is not the only one as Sumitomo Mitsui Financial Group, which holds $1.5 trillion in assets, invested $1 billion in SBI Holdings and signed an agreement for new smartphone services. Here is crucial to notice that Mizuho and Mitsui are competitors. These organizations are both financial giants in Japan and they are both investing in the development of new FinTech solutions, in companies that are in close relation with Ripple. Hold on, this is not all...

Here is the cherry on the cake: On one side we have Mizuho and SoftBank and on the other SBI and Mitsui, but not everyone knows that SBI Holdings is owned by SoftBank. So what we have: competitors Mizuho and Mitsui are investing in the same project, apparently, they know something. If one of them will stop investing, will lose the power, thing which no one wants.

Conclusion: The future seems bright for Ripple XRP in Japan.