Japan’s central bank is looking into Ripple’s technology as a faster, more efficient alternative to traditional cross-border payments. This could lead to wider use of XRP in banking and maybe even push its price to $20.
As XRP gains traction with financial institutions, another project might be getting attention—PlutoChain ($PLUTO), a hybrid Layer-2 solution that could fix Bitcoin’s biggest limitations.
Let’s look at the deets below.
Can Ripple Reach $20 with Bank of Japan’s Adoption?
The Bank of Japan’s interest in Ripple is getting a lot of attention. If Japan’s banks start using XRP, it could be a game-changer for cross-border payments.
Right now, most banks rely on SWIFT—a system that’s slow and expensive. Ripple’s technology offers a faster, cheaper alternative, which is why Japanese financial institutions are interested.
Japan has always been forward-thinking when it comes to blockchain and digital finance. By integrating Ripple, banks could process international transactions in seconds instead of days, while cutting down on fees.
Ripple already has strong ties in Japan, thanks to its partnership with SBI Holdings, a major financial player that actively supports XRP adoption.
Of course, regulatory hurdles are still a concern, but if the Bank of Japan moves forward, it could set an example for banks worldwide. More adoption would mean greater legitimacy for Ripple in the financial sector.
XRP is currently trading at $2.66, down 1.05% in the last 24 hours. The trading volume over the same period is around $3.33 billion, showing a 28.4% drop from the previous day. Crypto analyst Amonyx is confident that XRP will surpass $20.
PlutoChain ($PLUTO): The Hybrid Layer-2 Solution That Could Bring Speed, Low Fees, and Smart Contracts to Bitcoin
PlutoChain ($PLUTO) is a Layer-2 solution designed to potentially make Bitcoin faster, cheaper, and more useful.
While Bitcoin is the most well-known cryptocurrency, its slow transaction speeds and high fees make everyday use frustrating. Transactions can take 10 minutes or more, and when the network gets congested, fees spike—sometimes costing more than the payment itself.
PlutoChain could help by processing transactions off-chain, reducing congestion, and making BTC payments nearly instant with two-second block times. This could be a game-changer for users and businesses by allowing for fast, low-cost payments without the long wait times.
But, speed and cost aren’t the only benefits. PlutoChain could also expand Bitcoin’s capabilities by bringing DeFi, NFTs, and smart contracts to the network.
With Ethereum Virtual Machine (EVM) compatibility, developers could build dApps directly on Bitcoin—something that wasn’t possible before. This could lead to new use cases, from decentralized finance to tokenized assets.
PlutoChain has already proven it can handle heavy transaction loads by successfully processing over 43,200 transactions in a single day during its testnet phase. Security is a top priority—PlutoChain has undergone regular audits by SolidProof, QuillAudits, and Assure DeFi, along with stress tests to ensure network stability.
Unlike Bitcoin, where miners and developers control upgrades, PlutoChain gives power to the users. Its decentralized governance model allows the community to propose and vote on improvements.
With its speed, lower fees, and added functionality, PlutoChain could be the upgrade that finally makes Bitcoin practical for everyday transactions.
The Bottom Line
As the Bank of Japan considers Ripple for modernizing international payments, XRP stands at the forefront of banking evolution.
And for Bitcoin enthusiasts, PlutoChain ($PLUTO) might present a compelling vision of the future.
By improving security and giving users more control, PlutoChain could turn Bitcoin from just a store of value into a practical tool for everyday use and bring it closer to real-world adoption.
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Disclaimer: It’s important to note that participating in presales carries risks, including market volatility and potential project delays. Please conduct thorough research, understand the risks of market volatility, and seek professional advice before engaging with any blockchain project. Future-oriented statements are speculative and may not be modified.
