The remittance project FXcoin XRP is all set to start operations in Japan. The crypto-currency exchange in Japan is preparing a pilot for Ripple XRP-powered remittance solutions. Ripple is well known around the world for providing remittance solutions that are fast, efficient and low cost.
Aside from the FXcoin XRP remittance project, Japan’s Financial Services Agency recently granted necessary trading approvals. The Japanese exchange has begun opening new accounts starting April 23. XRP is the best bet for a remittance pilot since the company has a presence through strategic partnerships with local banks and financial institutions in more than 70 countries.
FXcoin XRP remittance pilot to go live soon
The remittance project FXcoin XRP in Japan will offer more than just remittances. The pilot will add cryptocurrency trading services for the local customers at a later stage as well. In addition, the company plans to explore and integrate new products into its Japanese portfolio and focus more on offerings for the crypto-sector.
FXcoin’s plans regarding crypto offerings are extensive. The first FXcoin XRP remittance pilot covers both local and international markets, and offers users the power of remittances derived from XRP. FXcoin’s Yasuo Matsuda says the pilot is bringing many firsts in the realm of crypto-based financial services initiatives.
He adds that the FXcoin will soon organize a demonstration of local as well as international XRP remittance solutions to help users identify with the new services. Later, cash management and trading solutions from around the world will follow. In addition, the exchange is keen to extend the services to cover the monetary field extensively.
Advanced blockchain technology from Ripple helps build superior remittance technologies that facilitate transactions across borders in real-time, high-speed, and secure. The purpose of the FXcoin XRP remittance pilot is to leverage these characteristics of XRP transactions to provide a new set of trading services to Japan.