Emi Yoshikawa, Vice President at Ripple, has recently spotlighted the remarkable growth of the XRP Ledger (XRPL) in South Korea, attributing the surge to heightened business interest in digital assets.
Infinite Block, the country’s authorized digital asset custody provider, is broadening its XRPL offerings. This expansion is set to bolster regulatory adherence and cater to the needs of corporate clients.
Echoing the forecasts of the CNF report, Ripple’s strategic initiatives have borne fruit. The company has successfully spurred innovation within the XRPL ecosystem in Japan. This has been achieved through strategic corporate alliances, the provision of grants to developers, investments in burgeoning startups, and the nurturing of a vibrant community.
Adding to the enthusiasm, Emi Yoshikawa conveyed her personal elation over the XRPL’s significant traction in South Korea via her X account. The influx of businesses into the digital asset domain underscores the necessity for dependable, commercial-grade digital asset infrastructures. Infinite Block, as the sole licensed digital asset entity in Korea, is at the forefront of this movement.
On June 24, 2024, Emi Yoshikawa expressed her sentiments on social media:
“Thrilled to witness the ongoing progress of the XRP Ledger in Korea ! As more corporations venture into digital assets, access to trustworthy, industrial-level digital asset platforms becomes paramount. Looking forward to Infinite Block’s contributions as the exclusive licensed digital asset…”
Infinite Block has recently undertaken the role of a validator on the XRPL blockchain and has introduced an XRP Ledger custody service. The company is poised to extend its XRPL-related services further and offer consultancy on regulatory compliance.
The global trend of XRPL adoption is evident, with Korea’s Infinite Block leading the charge. This trend reflects a worldwide movement of businesses seeking dependable, industrial-grade digital asset platforms. Catalyze Research shared an update via tweet, quoting Gutae Jung, CEO of InfiniteBlock:
“Following the initiation of our XRPL validator operations last month, we swiftly deployed a bespoke XRPL custody service. With a solid decade-long track record, XRPL stands as a robust enterprise-grade blockchain. Infinite Block’s custody service enables our corporate clients to engage with XRPL on a highly secure digital asset platform, fully compliant with Korea’s unique regulatory framework.”
Despite the positive developments, current market data from Coin Market Cap indicates that Ripple (XRP) is trading at $0.4696, experiencing a 1.40% decline over the past day and a 5.14% drop over the past week. This trend suggests a need for broader dissemination of Ripple’s activities globally to bolster XRP’s market presence.
For those interested in Ripple (XRP), the following resources are recommended:
– A comprehensive guide to purchasing Ripple (XRP)
– Tutorial for setting up a Ripple XRP Wallet
– Real-time updates on XRP pricing
– The latest news on Ripple (XRP)
– An in-depth look at Ripple (XRP)
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