- Ripple launched the XRPL Japan & Korea Fund in order to promote blockchain technology.
- The fund supports initiatives such as corporate partnerships, grants for developers, investments in startups, and community development, both in Japan and Korea.
Ripple has emerged as the leader in cryptocurrency and blockchain solutions. declared The XRPL Japan & Korea Fund has been opened. The fund was created to encourage XRP Ledger innovation on the rapidly-paced Korean and Japanese markets.
The XRPL Japan Korea Fund aims at supporting a range of solid programs. These include working with leading Korean and Japanese companies to integrate their businesses. XRP Ledger Investigate business cases across a variety of industries.
We’re proud to launch the XRPL Japan & Korea Fund to boost innovation & utility on the #XRPL APAC 🇯🇵🇰🇷
Includes:
🤝 Business Partnerships
💸 Dev Grants
🌱 Startup Investments
🎓 Community GrowthDiscover how the Fund fosters innovation, growth and development: https://t.co/zFSekIekrC
— RippleX (@RippleXDev) June 10, 2024
This also includes offering promising XRP Ledger projects financialThe fund will also provide technical and commercial support. Moreover, it will invest in new businesses using the XRP Ledger as a tool to create novel and exciting use cases.
This will include regional hackathons as well educational and promotional initiatives aimed at involving the XRP Ledger Communities in this area.
Ripple Commits to 1 Billion Ripple XRP
The fund was created as part of Ripple’s $1 billion XRP pledge to help developers create on the XRP Ledger in terms of financial, technical, and commercial support. This fund is expected to be worth tens or hundreds of millions dollars, or even a substantial portion of the $1 billion. XRPTo interesting prospects, in Japan or Korea.
Emi Yoshikawa is the Vice President for Strategic Initiatives at Ripple. She highlighted that Korea and Japan are poised to be important centers of blockchain development. Ripple’s commitment to innovation is evident in her remarks.
The most popular and fastest-growing XRP Ledger Japan and Korea are home to some of the most vibrant communities. The growth of the blockchain is supported by a number creative and progressive businesses, as well as solid institutional relations.
VWBL Finance and Moai Finance are two of the highlighted projects.
The Wave 7 Grants of the XRPL program will provide funding for projects VWBL in Japan and Moai Finance located in Korea in May 2024. VWBL in Japan uses NFTs for encoding encrypted data and authenticating real-world scenarios, like medical exams.
Across multiple blockchains, the protocol functions as both a key-management network and a condition-based on-chain access control. In the XRP Ledger Moai Finance in Korea has created a DEX cross-chain aggregator as well as a DEX multi-chain to increase asset liquidity.
The main service they offer is a decentralized automated market maker system (AMM), which allows asset trading to be done smoothly across different blockchains.
Ripple’s alliances with HashKey DX in Korea, and SBI Holdings are important ones. The XRP ledger will be used to issue official Expo NFTs in Osaka for World Expo 2025.
Ripple’s leaders will be attending important industry events such as WebX Asia Japan and Korea Blockchain Week in order to demonstrate their commitment. Ripple will also be holding community meetings in Tokyo and Seoul, to discuss the XRPL Japan Fund and regional XRP Ledger Initiatives.
XRP Market Performance
CoinMarketCap shows the current price of XRP at $0.4873The ‘down 1.86% In the last 24 hour. The price fell by 7% in the past week. 6.44% in a negative trend. Ripple is committed to market expansion and innovation.
CNF has previously reported the influence that Ripple holds on cryptocurrency. Japanese financial The company highlights that 80 percent of Japanese financial institutions are collaborating with it for blockchain-based payments.
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Source: www.crypto-news-flash.com