XRP (CRYPTO: XRP) bulls are eyeing an $8 target as SBI Ripple Asia secured regulatory approval to issue prepaid payment tokens on the XRP Ledger, targeting Japan’s $200 billion prepaid market. SBI’s Tokyo Approval SBI Ripple Asia, the Tokyo joint venture between Ripple and Japanese banking giant SBI Holdings, became a registered third-party prepaid payment instrument issuer under Japan’s Payment Services Act on March 26.
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