Ripple is making some big moves in Korea and Japan, as announced by their official X account earlier today. The focus of the projects announced is to enhance blockchain utility and usability with the aim of promoting institutional adoption.
In light of this, the blockchain company is also making partnerships with institutions to enhance its services.
Partnering with Futureverse
First, AI and Metaverse technology company Futureverse has entered into a partnership with Ripple Custody for the secure custody of its assets.
Futureverse has already adopted the XRPL NFT standard and utilizes XRP as the gas token on the root network. Additionally, it is integrated with the XRPL DEX, contributing to network liquidity.
Ripple is on the ground this week in Korea and Japan, starting off with a few key announcements – all in service of the goal to strengthen the foundations of crypto infrastructure to support blockchain utility and usability for institutional adoption.
— Ripple (@Ripple) September 3, 2024
Increasing Programmability With XRPL
Ripple and the broader XRP community are dedicated to enhancing the programmability of the XRPL developer ecosystem.
Plans are set for 2025 to introduce smart contracts through the XRPL EVM sidechain, which is already in progress. They are also exploring potential native capabilities on the XRPL Mainnet.
Read Also: XRP Price Ready for a 2017-Like Bull Run? Ripple Analyst Eyes $18.22 Target
Academic Partnership With Yonsei University
Furthermore, Ripple’s University Blockchain Research Initiative has welcomed Korea’s Yonsei University as its 58th global partner.
With over $60 million committed to the UBRI, this initiative is fostering academic excellence and facilitating high-quality research through strategic support, technical resources, and grants.
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Show more +Show less – Ripple Keeps Moving Despite XRP Unencouraging Price Action
The price of XRP has not seen much action following Ripple’s win over the SEC. Some experts think this is because the SEC still has the chance to appeal the recent ruling. However, this has not stopped Ripple from making strategic plans for its growth and development.
All these efforts can continue to strengthen the company, taking it closer to its goals despite the ongoing saga in the United States.
These partnerships could help XRP in the long run, making it even more adopted outside the United States. It could also increase its credibility among major financial players, which could be a win-win situation for the company and its token.
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