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Open House Group Co., Ltd., one of the top five real estate companies in Japan based on money made, now takes XRP for buying properties. Emi Yoshikawa, former Vice President of Strategy Initiatives at Ripple, shared this news on X. This move makes it easier for buyers from other places to acquire properties in Japan.

From Two Coins To Five Different Choices

On January 31, 2025, the Tokyo-headquartered company started to accept Bitcoin. At that time, Bitcoin and Ethereum were the only two big cryptocurrencies used for payments. Now, Open House added three more: XRP, SOL (Solana), and DOGE (Dogecoin). Customers now have five different digital currencies to choose from when buying real estate.

Major Japanese real estate company Open House now accepts XRP for property purchases in Japan 🇯🇵 !

オープンハウス、暗号資産 XRP SOL DOGE決済対応開始。グローバル顧客向け中国語繁体字サイトも同時オープン。 https://t.co/vfbCUs04lf

— Emi Yoshikawa {X} (@emy_wng) March 21, 2025

Easier For International Buyers

People from other countries can now use the altcoin to buy property in Japan, as long as it fits their own country’s rules. Open House Group owns and manages homes, office spaces, and studio condos in big cities like Tokyo, Osaka, Fukuoka, and Nagoya. The company handles everything from property development to sales and management, offering what they call “one-stop solutions” for their clients.

XRP Growing In Payments

In 2023, XRP was one of the top used cryptocurrencies for payments. According to BitPay, which works with many stores around the world, XRP payment transactions went up by 40% that year. Open House adding XRP shows that more businesses are integrating it for payments.

An image rendering of a real estate property in Japan. Source: Gemini Imagen

What This Means For The 4th-Largest Cryptocurrency

As the fourth-biggest cryptocurrency by market cap, XRP could see wider adoption thanks to this new development. Yoshikawa believes Open House Group is an important name in Japan’s real estate market.

Given the company’s strong position, many customers might choose to pay with XRP when buying properties. This could drive more people to use the cryptocurrency for large transactions.

Open House made this decision as more businesses worldwide are starting to accept cryptocurrencies as payment. Real estate, which involves big transactions and international deals, seems especially open to this trend. For buyers, using crypto can sometimes be quicker and easier than going through banks, especially for cross-border purchases.

Now, foreign buyers looking to buy property in Japan have more ways to pay without dealing with complicated wire transfers or currency exchanges. By adding XRP along with other popular cryptocurrencies, the company shows that it trusts these digital assets as reliable payment options for expensive purchases.

Featured image from Pexels, chart from TradingView

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Amid the broader crypto market recovery, Solana price is showing major strength gaining 7% to $140 with daily trading volumes jumping 85% to $2.56 billion. The renewed investor interest in SOL comes amid strong network adoption and growing optimism. Interestingly, today’s bounce comes as Solana holders show signs of extreme fear.

Solana Price Rallies Amid Market Fear

Prominent crypto analyst Ali Martinez has observed signs of growing fear among long-term holders of Solana (SOL). The analyst pointed out that such periods of uncertainty unlock new opportunities for strategic investors.

“Historically, these are the moments smart money steps in,” Martinez noted, referencing the adage, “Be greedy when others are fearful”. This shows that the current Solana price surge amid value-driven accumulation could thereby mark the beginning of a sustained uptrend from here onwards.

Last week, CoinGape reported that the Solana network adoption has reached a fresh all-time high. On-chain data reveals that the Solana (SOL) network now boasts more than 11.09 million addresses holding the SOL token. This rise in address activity highlights increasing user participation within the Solana ecosystem.

Market Analysts Turn Bullish on SOL

SOL price today was up 6.97% at $139 with daily trading volumes surging 94.9% to more than $2.67 billion. As per the Coinglass data, the SOL futures open interest has surged 8.6% to $5 billion, with the 24-hour liquidations surging to $8.82 million.

With today’s price action, Solana has managed to break past the crucial resistance of $137, which could set the stage for future upward trajectory. Highlighting this significant breakout for Solana, popular crypto analyst Crypto Curb stated that it marks an end to the persistent downtrend since the January 20th highs, often referred to as the “Trump highs”.

The analyst suggests this breakout signals the start of a new upward momentum for SOL, forecasting a potential rally toward the $420 mark in the near future.

Co-Founder Anatoly Yakovenko Bets for L1s Against L2s

Anatoly Yakovenko, co-founder of Solana, has expressed skepticism about the necessity of Layer 2 (L2) scaling solutions, amid the Solana price rally. According to Yakovenko, Layer 1 (L1) blockchains can deliver superior performance, offering greater speed, lower costs, and enhanced security compared to L2 alternatives. In a message on the X platform, he wrote:

“L1s can be faster, cheaper, and more secure. They aren’t slowed down by a glacially moving L1 data availability stack, or have to compromise security with complex fraud proofs and upgrade multisigs”.

His comments came while responding to a message from an Ethereum contributor rip.eth who stated that there’s no reason to build L1, considering that L2s are more faster and affordable.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.