Japan exchanges FXcoin, and Sumitomo Corporation uses XRP to resolve claims and liability.

According to Jp.cointelegraph, the Japanese cryptocurrency exchange FXcoin announced on the 27th that it had conducted a demonstration using XRP to resolve the demands and debts of the Sumitomo Corporation group, including the futures market. According to FXcoin, this is the first time that a cryptocurrency has been used for futures trading by a large company in Japan. This empirical attempt uses cryptocurrency to reduce the risk of currency exchange contracts.