Japan has expanded the use of such encrypted assets in daily consumption scenarios by connecting XRP to its own credit and payment system. Through Rakuten Wallet, users can buy XRPs first with their musical points, then convert XRPs to Rakuten Cash and consume them in the support of their music services.
Breaking points to the consumer chain.
The path of this access is clearer: Lottery credits can be converted to XRP and subsequently to Rakuten Cash for services such as Rakuten Pay, Lottery Market, etc. This arrangement places encrypted assets in an off-the-shelf consumer network compared to simply holding or trading XRP on a trading platform.
For users, the change lies in the fact that it is not necessary to shift to an external platform that is not known, before filling, trading and cashing. Users who had already accumulated points within the economics now have an additional route from incentive points to encrypted assets and back to consumption payments.
Open access to over 100 million users
According to the article, Lotte has over 100 million users in Japan. This does not mean that all users immediately buy XRP, but it means that XRP is placed in front of a consumption portal with a large user base.
This is important because the XRP is no longer limited to trade and investment. If the user is willing to try, XRP can assume the transitional role between the credit exchange, the transfer of the balance and the day-to-day payment. For the encryption industry, such access is closer to real consumption testing than simply adding a new trade pair.
XRP is different from stabilization currency or division of labour
Rakuten Wallet, a senior analyst, Masuda, mentioned that the liquidity of XRP and its long-term orientation around value may have a role to play in the cross-market movement of funds and remittance scenes.
At the same time, the article mentions that there is no need to duplicate the functions of the stabilization currency and the XRP. The chain of stable currencies is closer to the top of the French currency and is suitable for taking on stable pricing; and the XRP is likely to assume more liquidity and value transfer functions. With the development of monetized assets, RWA and securities-type tokens, different digital assets may be used in the same set of financial infrastructure.
If this model is adopted by more users in Japan, the role of XRP may further extend from traded assets to consumer payment connectivity. This also means that the connection between the score, the wallet and the payment product is further enhanced for the music day.