Japan’s leading resale platform, Mercari, has announced that its subsidiary, Mercoin, has added XRP to its list of tradable cryptocurrencies. Starting from April 24, users can purchase XRP for just 1 Japanese yen, which is approximately 0.007 dollars, providing a significant opportunity for cost-effective investments.
Start Buying XRP for 1 Yen
Mercoin users will be able to utilize their bank balances, sales revenues from Merpay, and even Mercari points to purchase XRP. This feature significantly lowers the entry barriers for cryptocurrency transactions on the platform, making it more accessible for users.
Mercoin had previously offered support for Bitcoin 
$78,121 in March 2023 and plans to include Ethereum 
$2,302 in May 2024. With over 3 million registered users expected by December 2024, Mercoin has become the platform with the highest number of new account registrations in the Japanese cryptocurrency sector.
The addition of XRP to Mercoin’s cryptocurrency offerings marks a significant step towards providing a broader range of investment options to Japan’s large user base. The app’s design focuses on simplicity and security, especially catering to those who are new to the world of cryptocurrencies.
Ripple’s Partnerships Boost XRP’s Visibility in Japan
Emi Yoshikawa, former Vice President of Strategic Initiatives at Ripple 
$1, described XRP’s inclusion in Mercoin as an important development for the Japanese cryptocurrency market. According to Yoshikawa, having XRP available on the Mercari app, which reaches 20 million users monthly, will make this altcoin more prevalent in daily life.
The number of users trading cryptocurrencies via Mercari has surpassed 3 million. Notably, 90% of these users are experiencing cryptocurrency for the first time, making the introduction of XRP to this demographic potentially impactful for increasing its adoption rate.
XRP enjoys substantial popularity in Japan, significantly due to Ripple’s local partner, SBI Holdings. This company actively supports XRP in various domains, including cross-border payments, liquidity solutions, and even automotive transactions.
Mercoin’s integration of XRP not only increases transaction diversity for existing users but also contributes to broader cryptocurrency adoption. The company’s user-friendly approach simplifies the process, making it a seamless experience for those navigating the complexities of the cryptocurrency market.
