SBI Digital Community Co. Ltd. has partnered with Ripple Labs Inc. to promote the use of the XRP Ledger in the Web3 space. The partnership will also include the issuance of non-fungible tokens (NFTs) on the XRP Ledger and rewarding creators with XRP, aiming to enhance the consumer experience and make Web3 technologies more accessible.

SBI Digital Community Partners with Ripple Labs to Drive XRP Ledger Adoption

SBI Digital Community Co. Ltd. announced a new strategic partnership with Ripple Labs Inc. on Tuesday, aimed at promoting the use of the XRP Ledger in the Web3 community. SBI Digital Community, a subsidiary of the larger SBI Group, a prominent financial services conglomerate based in Japan, is focused on promoting and expanding the use of Web3 technologies.

Under the leadership of President and CEO Yuutaro Sato, the Tokyo-based SBI Digital Community will leverage Ripple’s XRP Ledger, a layer-1 public blockchain known for its speed, cost-effectiveness, and sustainability, to enhance Web3 services. The partnership aims to expand the use of the XRP Ledger through SBI’s Web3 community “Bto3,” which focuses on enhancing user interaction with blockchain and promoting blockchain adoption.

Notice details translated by Google:

We believe that by increasing the number of XRP Ledger users, more companies will be able to offer new B to C services, thereby increasing real-world convenience.

SBI Digital Community added that under this partnership, “Bto3 will issue NFTs (Non-Fungible Tokens) on XRP Ledger and will support users on how to purchase and trade NFTs on XRP Ledger.” The Japanese company noted: “As a platform for issuing NFTs on XRP Ledger, we will use XRP Cafe, a marketplace specializing in the distribution and trading of NFTs issued on XRP Ledger.” The company continued:

Additionally, we will facilitate the payment of rewards to creators and other community contributors in XRP cryptocurrency, based on their wishes.”

The move is expected to encourage more businesses to adopt the XRP Ledger, improve consumer experience, and provide new B2C services. The company sees it as a step toward making Web3 technology more accessible to the broader public.

What do you think about SBI Digital Community’s partnership with Ripple Labs to promote XRP Ledger in the Web3 space? Let us know in the comments below.
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