Top Real Estate Company Now Accepts XRP for Property Purchases in Japan
Tokyo-based real estate company Open House Group Co., Ltd. announces it now accepts XRP as a payment option to simplify the process of buying properties in Japan. Emi Yoshikawa, former Vice President of Strategy Initiatives at Ripple, highlighted this development in a recent X post. https://twitter.com/emy_wng/status/1903100496073855212Open House Expands Its Crypto Payment Options Recall that on January 31, 2025, Open House introduced crypto payment options for property purchases. At the time, it initially supported the two largest cryptocurrencies by market capitalizationBitcoin and Ethereum. The company has extended its payment options to include more crypto assets, including XRP. Following this development, international customers can utilize XRP to pay for properties in Japan. This initiative aims to simplify the process of buying properties in Japan for customers worldwide. Besides XRP, the company also added SOL and DOGE to the list, bringing the total number of supported crypto assets to five. The real estate company emphasized that international customers can only pay for properties using the supported cryptos so long as they comply with the laws of their respective country of residence. Potential Implications for XRP Open House's support for XRP as a payment option could boost adoption for the fourth-biggest cryptocurrency by market cap. Yoshikawa says Open House Group is a pretty big real estate company in Japan. She emphasized that it currently ranks as the fifth biggest Japanese real estate company by revenue. Given its dominant position in Japans real estate market, many customers may choose to pay for properties with XRP, potentially driving the token's broader adoption. For context, Open House has properties in major Japanese cities, including Osaka, Tokyo, Fukuoka, and Nagoya. These include residential homes, office buildings, and studio condominiums. Open Houses business approach covers property management, sales, and development, allowing it to provide clients with comprehensive, one-stop solutions. Meanwhile, several businesses worldwide have been integrating XRP into their payment options over the years. In 2023, XRP ranked among the most frequently used cryptocurrencies for payment transactions. Notably, it witnessed a 42% increase in payment transaction volume on BitPaya platform that facilitates crypto payments for hundreds of global merchants.
Text source: The Crypto Basic
