Google Trends Reveals Interest for XRP Highest in South Korea, Japan

An analytical interactive map on cryptocurrency interest around the world as compiled by the Blockchain Center research team shows that the interest for XRP is more concentrated in South Korea and Japan than any other country.

 

The map visualizes search interest for different coins by country with data sourced from Google Trends, a platform that normalizes search data to facilitate comparisons between terms.

 

The map listed 5 countries where the interest for XRP interest is dominated and put South Korea and Japan in the first and second positions. Other countries, in order of their interest for XRP, include: Ireland, Slovenia, and Australia.

 

Ripple and XRP in Japan

Ripple and its digital token XRP have been highly demanded in Japan, this is due to the adoption ideas put in place by SBI Holdings, one of Japan’s most respected firms. SBI Holdings and Ripple co-designed SBI-Ripple Asia purposely to increase the usage of XRP and create the market for Ripple’s cross-border solutions.

 

The creation of SBIVC Exchange where users receive some certain amount of XRP for free also increased the adoption of XRP token.

 

As well, the launch of an almost-free payment solution MoneyTap spearheaded by SBI, Ripple and some big banks in Japan heightened the popularity of Ripple.

 

Despite the increasing adoption of XRP in the country and in Asia at large, a new report released by the Japan Virtual and Crypto Assets Exchange Association (JVCEA) notes that XRP has lost its first position in Japan to Bitcoin.

The XRP token was very popular than Bitcoin in the country before this time, however, it was claimed that the dwindling price of XRP impacted customer’s interest in the digital asset in the country.

 

XRP was the dominant crypto asset in Japan in 2018 and held a market share of approximately 51%, and Bitcoin 34.57 %.

 

Now Bitcoin is said to be the leading crypto in Japan, with 51.74% of the market, while XRP and Ethereum (ETH) have 27.54% and 9.48% of the market, respectively.

 

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Google Trends Reveals Interest for XRP Highest in South Korea, Japan - NewsLogical