Lotte Pay, XRP payment integration... Could it become a turning point for expanded real-world usage?

XRP is once again attracting attention this year. Japan’s Rakuten Payment has integrated XRP into its payment ecosystem, further raising expectations for the expansion of practical cryptocurrency applications.

According to a report on the 13th by CoinTelegraph, Rakuten Payment recently connected XRP with its payment solutions. Rakuten Wallet users can now convert their earned reward points into XRP, opening a pathway for users to access digital assets without additional cash transactions.

This integration is not just a simple event but is seen as a case of connecting consumer payments with blockchain technology. It is reported that XRP can be used within Rakuten Payment’s network of 44 million users and over 5 million affiliated stores, with a points system valued at $23 billion becoming an exchange target for XRP. The broader the actual usage, the more XRP’s presence will inevitably grow.

Market reactions also changed immediately. On-chain analysis platform Santiment recently stated that optimistic sentiment around XRP on social media reached its second-highest level in two years. This is interpreted as a result of the integration with Rakuten sparking public expectations for widespread adoption.

However, price rebound will not happen immediately. Santiment believes that such large-scale collaborations are usually reflected in medium- to long-term market trends only after the “FOMO” sentiment subsides. XRP has recently fallen about 55% from its high over the past nine months, leading some analysts to suggest that expanded practical applications could become a catalyst for a trend reversal.

Ultimately, Rakuten Payment’s introduction of XRP is not just about adding a payment feature but also demonstrates how far XRP’s “real-world use cases” can extend. In the trend of shifting the cryptocurrency market from a trading center to everyday services, XRP’s future trajectory will likely depend more on the speed of this adoption.

Summary by TokenPost.ai 🔎 Market Analysis: Rakuten Payment’s integration of XRP is not merely a partnership but is interpreted as a signal of “expanding practical application foundations.” With 44 million users and a vast network of affiliated stores, the application potential of XRP in payments is becoming a reality, showing a shift in the crypto market from trading-centric to lifestyle services. 💡 Strategic Points: Instead of focusing on short-term price increases, attention should be on medium- to long-term application adoption. After large platforms integrate such features, it is common for FOMO-driven price increases to gradually subside, with growth in actual usage data being a key variable. 📘 Terminology Clarification: XRP: Digital asset based on the Ripple network, focused on fast, low-cost transfers Rakuten Payment: Convenient payment service by Japan’s major IT company Rakuten FOMO: Herd mentality phenomenon driven by rising expectations for investment gains On-chain Data: Transaction and activity data directly extracted from blockchain networks

💡 Frequently Asked Questions (FAQ)

Q. Why is Rakuten Payment’s introduction of XRP important? Being able to use XRP for payments on a large platform with 44 million users and millions of affiliated stores means XRP is no longer just a speculative asset but has expanded into a practical payment method, which is highly significant. Q. Will this immediately impact XRP’s price? Major positive news often does not cause an immediate price surge but is reflected in medium- to long-term trends after initial expectations subside and adjustments occur. Therefore, an increase in actual usage confirmed over time could have a greater impact. Q. What is the significance of converting reward points into XRP? Converting existing shopping points into digital assets allows new users to experience cryptocurrencies without burden, playing an important role in lowering the barrier to widespread adoption.

TP AI Notes: This article uses a language model based on TokenPost.ai for summarization. It may omit key content from the original or be inconsistent with facts.