Ripple has officially launched the XRPL Japan and Korea Fund, welcoming applications from corporations, developers, and XRPL community members. This initiative, introduced on June 11, 2024, aims to support a wide range of projects, including business partnerships, startup investments, developer grants, and community development, with the goal of stimulating blockchain innovation in Japan and Korea.
The fund will focus on fostering partnerships with top-tier businesses in Korea and Japan to drive the integration of XRPL across various industries. Emi Yoshikawa, Vice President of Strategic Initiatives at Ripple, emphasized the potential for Korea and Japan to become crucial regional hubs for blockchain development.
Ripple’s collaboration with 80% of Japanese banks for blockchain payments has positioned the company as a significant player in the Japanese financial industry, providing faster and more affordable transactions.
In terms of XRP’s price, CoinMarketCap reports a 0.23% increase over the last 24 hours, with the current price at approximately $0.4834. Over the past seven days, XRP has experienced a 2.12% growth, indicating a positive trend that reflects the potential influence of the XRPL Japan and Korea Fund and the growing confidence in Ripple’s activities.
The launch of the XRPL Japan and Korea Fund marks a significant milestone in Ripple’s efforts to advance blockchain innovation and adoption in Asia.