Ripple (XRP) has made a significant announcement regarding its expansion into Japan and South Korea, despite its ongoing legal battle with the SEC in the United States. The tech giant has unveiled a new fund dedicated to promoting the XRP Ledger in these two Asian countries.
With a focus on increasing its presence in the Asia-Pacific region, Ripple’s latest move involves the launch of a fund that will support corporate partnerships, developer grants, startup investments, and community growth in Japan and South Korea. This initiative is part of Ripple’s commitment to allocate 1 billion XRP for the region, as announced in March 2022.
Emi Yoshikawa, Ripple’s Vice President of Strategic Initiatives, emphasized the company’s belief in the potential of Japan and South Korea to become key hubs for blockchain innovation. The fund aims to provide financial, technical, and commercial support to developers, with the goal of driving innovation within the local XRP Ledger communities.
This announcement underscores Ripple’s dedication to fostering growth and transformation in these dynamic markets. It is important to note that this information is not intended as investment advice.
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