{"id":321117,"date":"2024-06-11T16:16:24","date_gmt":"2024-06-11T10:46:24","guid":{"rendered":"https:\/\/dripp.zone\/news\/ripple-strengthens-xrp-innovation-and-utility-in-apac-region-crypto-news\/"},"modified":"2024-06-11T16:19:58","modified_gmt":"2024-06-11T10:49:58","slug":"ripple-strengthens-xrp-innovation-and-utility-in-apac-region-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ripple-strengthens-xrp-innovation-and-utility-in-apac-region-crypto-news\/","title":{"rendered":"Ripple Strengthens XRP Innovation And Utility In APAC Region &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>XRP News:<\/strong> Crypto and blockchain leader Ripple on Tuesday said it is launching <strong>XRP Ledger Japan and Korea Fund<\/strong>. The dedicated fund will drive innovation and utility of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/xrp-lawyer-reacts-to-south-korea-infinite-block-joining-as-xrpl-validator\/\">XRP Ledger<\/a> (XRPL) in the Asia Pacific region, with a focus on robust initiatives including corporate partnership, developer subsidy, startup investment, and community growth.<\/p>\n<p>The XRP Ledger Japan and Korea Fund will allow corporations, startups, developers, community members, and other entities to apply and benefit from the fund. The company will further release details on the application process for the dynamic Japanese and Korean markets.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<h2>Ripple Launch XRP Ledger Japan and Korea Fund<\/h2>\n<p>Crypto payments firm Ripple\u2019s will further boost <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/xrp-price-set-for-61390-rally-after-long-awaited-breakout\/\">XRP<\/a> adoption and XRP Ledger (XRPL) in the countries witnessing massive demand for the technology. Ripple has major partners including firms, banks, and platforms around the world revolutionizing payments and crypto adoption.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ripple.com\/ripple-press\/ripple-launches-dedicated-fund-to-accelerate-innovation-on-the-xrp-ledger-in-japan-and-korea\/\">XRPL Japan and Korea Fund<\/a> is part of Ripple\u2019s 1 billion XRP commitment for XRPL development and expansion through the XRP Grants and XRPL Accelerator programs, as per the press release. The fund will support initiatives such as:<\/p>\n<ul>\n<li><strong>Corporate Partnerships<\/strong>: Collaborate with leading companies in Japan and Korea to integrate the use of the XRP Ledger and explore enterprise use cases across a range of industries<\/li>\n<li><strong>Developer Grants<\/strong>: Provide funding along with technical and business support to promising projects being developed on the XRP Ledger<\/li>\n<li><strong>Startup Investments<\/strong>: Identify and invest in early-stage companies leveraging the XRP Ledger to build new and exciting use cases<\/li>\n<li><strong>Community Growth<\/strong>: Support for local events, hackathons and educational programs to engage and grow the local XRP Ledger communities<\/li>\n<\/ul>\n<p>The fund underscores \u201cour 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,\u201d said <strong>Emi Yoshikawa<\/strong>, Vice President of Strategic Initiatives at Ripple.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p><strong>Read More: <\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/xrp-news-today-xrp-healthcare-makes-big-move-in-mergers-acquisitions\/\">XRP Healthcare Makes Big Move In Mergers &#038; Acquisitions<\/a><\/p>\n<h2>XRP Adoption in APAC<\/h2>\n<p>Ripple, RippleX, and partners in the APAC region, such as $7.8 billion financial giant <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ripple-partner-sbi-holdings-to-establish-joint-venture-in-japan\/\">SBI Holdings<\/a> in Japan, have driven major XRP adoption globally. In fact, over 60 banks representing 80% of the Japanese banking industry have partnered with Ripple.<\/p>\n<p>The company\u2019s key executives will be attending and speaking at major industry events in August and September, such as WebX Asia in Japan and Korea Blockchain Week to show its commitment to these markets.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p>At press time, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/xrp\">XRP price<\/a> trades at $0.486, down nearly 2% in the last 24 hours amid panic selloff across the market due to US inflation data and Fed interest rate decision this week. The trading volumes jumped 75% in the last few hours.<\/p>\n<p><strong>Also Read:<\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.82 --><\/p>\n<p>                                <!-- \n\n<div class=\"desktopPostEnd d-on\"><\/div>\n\n --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/ripple-bolsters-xrp-innovation-and-utility-in-apac-region-nwws\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/ripple-bolsters-xrp-innovation-and-utility-in-apac-region-nwws\/\"><\/p>\n<p><\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA201688\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. 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is launching XRP Ledger Japan and Korea Fund. The dedicated fund will drive innovation and utility of XRP Ledger (XRPL) in the Asia Pacific region, with a focus on robust initiatives including corporate partnership, developer subsidy, startup investment, and community growth. The XRP Ledger [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":162142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-321117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/321117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=321117"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/321117\/revisions"}],"predecessor-version":[{"id":321118,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/321117\/revisions\/321118"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/162142"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=321117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=321117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=321117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}