XRP Ledger to Get Smart Contracts, Boosting Functionality

  • Ripple plans to expand adoption of digital assets in Korea and Japan.

  • The company has partnered with Futureverse, a Metaverse tech firm.

  • Korea’s Yonsei University became Ripple’s 58th global partner for the firm’s UBRI.

Ripple, the U.S.-based creator of the XRP Ledger (XRPL), is making a concerted push into the Asia Pacific region. The company aims to bolster crypto infrastructure in South Korea and Japan to pave the way for institutional adoption, according to the latest social media post by Ripple’s CTO David Schwartz.

In addition to its regional expansion plans, Ripple has also announced partnership with Futureverse, a metaverse tech firm that will leverage Ripple Custody to securely store its digital 

1/ AI & Metaverse tech company @futureverse is partnering with Ripple Custody to securely custody its assets. Futureverse has already adopted the XRPL NFT standard, uses XRP as the gas token on the Root Network and is integrated with the XRPL DEX to supply network liquidity.…

— Ripple (@Ripple) September 3, 2024

Futureverse has already embraced the XRPL ecosystem, utilizing the XRPL NFT standard, XRP as the gas token on the Root Network, and i…

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