The post Ripple (XRP) Launches Fund to Boost Innovation on XRP Ledger in Japan and Korea appeared on BitcoinEthereumNews.com.

Ripple (XRP) Unveils XRPL Japan and Korea Fund Ripple has announced the launch of the XRPL Japan and Korea Fund, aimed at fostering innovation on the XRP Ledger (XRPL) in Japan and Korea. According to Ripple, this initiative will support a variety of projects, including corporate partnerships, developer grants, startup investments, and community growth in both countries. Key Initiatives and Support The fund will collaborate with leading companies to integrate the XRP Ledger into various industries and provide funding and technical support to promising projects. Early-stage companies leveraging the XRP Ledger will also receive investment, while local events, hackathons, and educational programs will be supported to engage and grow the XRPL communities in Japan and Korea. This initiative is part of Ripple’s commitment to advance XRPL projects through its 1 Billion XRP commitment. A significant portion of this funding, amounting to tens of millions of dollars, will be directed towards opportunities in Japan and Korea. Statements from Ripple Executives Emi Yoshikawa, Vice President of Strategic Initiatives at Ripple, emphasized the company’s belief in Japan and Korea as pivotal hubs for blockchain innovation. “The launch of this fund is a testament to Ripple’s strong belief in the potential of Japan and Korea as pivotal regional hubs for blockchain innovation,” said Yoshikawa. “It also underscores our unwavering commitment to fostering innovation in the local XRP Ledger communities, and we look forward to seeing the transformative impact of this fund in these vibrant markets.” Existing Partnerships and Future Plans Japan and Korea are already home to some of the most vibrant and rapidly growing XRPL communities globally, supported by strong institutional partnerships and a growing number of innovative startups. Notably, Wave 7 of the XRPL Grants program saw Japan- and Korea-based projects, VWBL and Moai Finance, receiving funding to continue their developments on…

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Filed under: News - @ June 13, 2024 12:20 am