Crypto Eri, a prominent figure in the XRP community, has highlighted the increasing potential of XRP and its accompanying blockchain, XRP Ledger (XRPL), in terms of new and innovative use cases.
Eri shared her thoughts on this matter in a recent post on X amidst Ripple’s latest market expansion efforts in Asia. Ripple recently announced the launch of a new fund aimed at the Korean and Japanese markets, with the goal of supporting innovation within the XRP ecosystem and solidifying Ripple’s presence in the Asia-Pacific region.
The fund will be used to establish partnerships, provide grants to developers, invest in startups, and foster community growth in Japan and Korea. This initiative is in line with Ripple’s commitment to allocate 1 billion XRP for technical and financial support for developers.
Emi Yoshikawa, Ripple’s vice president of strategic initiatives, emphasized that the launch of the fund demonstrates Ripple’s confidence in Japan and Korea as key hubs for blockchain innovation.
In response to this development, Crypto Eri expressed her belief that the future of XRP and XRPL in Asia is promising and will lead to the emergence of unique applications beyond traditional business models.
Mayukha Vadari, a senior software engineer at RippleX, also noted that Ripple is gaining momentum in South America, with Brazil at the forefront.
Ripple has previously highlighted the Asia-Pacific region as one of its fastest-growing markets and has reaffirmed its commitment to promoting the adoption of its cryptocurrency payment services in the region. Ripple obtained a full operational license in Singapore in October 2023.
Furthermore, Ripple recently partnered with HashKey DX, a Tokyo-based firm, to introduce XRPL-based solutions for supply chain finance in Japan. In 2016, Ripple and SBI Holdings launched SBI Ripple Asia to enhance the adoption of Ripple’s payment solutions in Japan.
Ripple’s dedication to promoting XRP in the Asian market is further underscored by the announcement that XRPL will be used to issue official Expo NFTs for millions of attendees next year.
Disclaimer: This article is for informational purposes only and should not be considered as financial advice. The opinions expressed are those of the author and do not necessarily reflect those of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions, as The Crypto Basic is not liable for any financial losses.