Digital gold now settles payments in under one second
Finance
Japanese shoppers can now convert digital assets into coffee and groceries in a tenth of a second, bypassing the multi-day delays of traditional banking.
The dream of using cryptocurrency for everyday errands has finally arrived in Japan through a system that processes payments faster than a human can blink. By integrating the XRP Ledger into its massive ecosystem, Rakuten allows 44 million users to spend digital assets at 5 million merchant locations. While traditional international bank transfers often take up to five days via the SWIFT network, this blockchain protocol settles the same transaction in under five seconds.