Takeshi Fujimaki, an former banker turned politician and a representative of one of the largest opposition political party Nippon Ishin, expressed his views on the future of cryptocurrencies, especially about XRP and Ripple’s developments, in a recent twitter thread.
The lawmaker sent out a barrage of tweets on how cryptocurrency-related experiments are being conducted all over the world to improve the current payment/financial systems.
Referring to the XRP network topology map, Fujimaki mentioned how the XRP nodes are spread throughout the world and raised a concern that technology is advancing rapidly and that Japan should get involved in it as soon as possible.
He stated: “The latest cryptographic asset-related technology has come so far. If we do not get involved in such advanced fields, Japan will be lagging… saying “Japan’s technology is amazing” and Japan celebrating cash settlements is going to be left in the world more and more…”
Fujimaki continued by saying that the number of nodes in Japan was low when compared to other countries in the world and that Japan is still a hundred years behind and is still in the “paper society politics”.
He continued: “If the use of this XRP is representative of the use of cryptographic currency, then from this map it turns out that there is a possibility that the cryptographic currency will develop explosively in the future.”
Fujimaki added that cryptocurrencies like XRP along with Ripple’s technology would be really beneficial for developing countries and in countries where people do not have bank accounts and do not believe in the credibility of the country.
Moreover, Fujimaki mentioned how Bill Gates Foundation’s Mojaloop, a software that uses Ripple’s interledger protocol, was deployed in Kenya in January 2018.
Fujimaki ended his tweet by saying that other countries in the world were already experimenting to develop a solution by inculcating XRP and other cryptocurrencies in their payment solution advancements, but Japan was lagging behind in such experiments.
Goldmax, a Twitter user, commented: “I would like a lawmaker to make the government understand the necessity of the crypto currency without mentioning XPR or XRP or peculiar encryption currency.”
Another user, suger_310, commented: “Now, the Japanese have the highest degree of understanding and expectation for ripple and XRP. Speaking of cryptocurrencies and cryptocurrency, there are a lot of Japanese who believe that there will come a time when it is said to be XRP. But I still do from the whole Japanese. It is time when it is taken up by NHK News, and the recognition is raised at once. Perhaps at that time, it would be more than a thousand yen.”