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Crypto

Japan\'s gumi to recast crypto holdings around XRP, aims to be top XRP treasury firm

Japan\'s game and blockchain firm gumi plans to overhaul its digital asset strategy by shifting its cryptocurrency holdings to XRP and aiming to become Japan\'s largest XRP holding and management company. It held about 14 billion yen in crypto as of April 30. The company plans to convert holdings to XRP gradually and may buy more depending on market conditions. It also plans to use covered-call strategies and work closely with SBI Group.

Crypto

Japan\'s Tottori Bank joins SBI Remit overseas transfer network, expanding XRP-based payment infrastructure

Japan\'s Tottori Bank has partnered with SBI Remit to launch an overseas remittance service, joining the SBI Remit partner network as its 26th financial institution. The service targets areas where demand is rising from foreign workers, reflecting needs for faster and lower-cost transfers. The network runs on Ripple\'s distributed ledger technology and supports features such as instant transfers, low fees, 24-hour access, e-wallets and 12 languages.

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