San Francisco-headquartered blockchain firm Ripple has introduced a new fund for Japan and South Korea
into its war chest in order to launch a new fund that is meant to promote the XRP Ledger in Japan and South Korea. The company has tapped into its 1 billion XRP war chest in order to support this new initiative. Ripple initially committed the aforementioned sum to various XRPL projects in April.
According to Ripple executive Emi Yoshikawa, the fund will entail tens of millions of dollars over time for corporate partnerships investments, investments, and developer grants. Ethereum Generated More Revenue Than Robinhood and Etsy in Q1 Entering GameFi, Innovation Trends with Genso Meta and More: Interview With Maxi Kuan, CEO of GensoKishi Online and Genso MetaRipple has long been a major force in the Asia–Pacific region. Ripple CEO Brad Garlinghouse has repeatedly praised Japan for its XRP-friendly regulations and even floated the idea of moving the company's global headquarters to Japan. started running
Projects from Japan and South Korea also managed to secure funding during the seventh wave of the XRPL Grants program.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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