HomeNewsRipple Targets South Korea in Bid to Amplify XRP Ledger Adoption

Ripple Targets South Korea in Bid to Amplify XRP Ledger Adoption

- Advertisement -
  • Ripple partners with Seoul-based Catalyze Research to enhance the understanding and adoption of the XRP Ledger (XRPL) in South Korea.
  • Despite impressive XRP trading volumes in South Korea, Ripple affirms the partnership is aimed at boosting developer engagement with XRPL, not capitalizing on trading trends.

Ripple, the company behind the renowned cryptocurrency XRP and the XRP Ledger (XRPL), is joining forces with Catalyze Research, a Seoul-based firm, to consolidate its foothold in South Korea. This move comes as Ripple continues to explore avenues for expanding its business and bringing its services to new territories, following its partial triumph in a prolonged legal tussle with the Securities and Exchange Commission (SEC).

XRPL, a peer-to-peer blockchain network launched by Ripple’s three engineers in June 2012, boasts 116 active validators as of July 27. The collaboration between Ripple and Catalyze Research is set to devise an educational program for developers, aimed at promoting awareness and understanding of XRPL.

- Advertisement -

The partners plan to host various events such as workshops, meetups, and hackathons to facilitate the integration of decentralized applications (dApps) on the XRPL platform. Ripple, describing Catalyze Research as a “scrappy” firm, has been working with them for about a year. Ripple’s blockchain analysis team, embedded in the Web3 ecosystem, possesses substantial experience with blockchains like Avalanche and Tezos. Hence, this collaboration with Catalyze Research is a strategic move to enhance developer participation on XRPL.

Markus Infanger, a Vice President at Ripple, dubbed South Korea as a “dynamic market” while lauding its robust developer community.

>> Buy XRP quickly and securely with PayPal, credit card or bank transfer at eToro with low fees and deposit protection. Get started with XRP now. Visit Website <<

“South Korea has emerged as a vibrant hub for blockchain and Web3 technology, with a strong developer community that has showcased remarkable innovation and expertise,”

- Advertisement -

stated Infanger.

Despite the frequent instances of increased XRP trading volumes in South Korea compared to other countries, Ripple clarified that the motivation behind this partnership isn’t driven by these trading patterns. From January to May, XRP was the most highly traded cryptocurrency on South Korean exchanges, second only to Bitcoin (BTC). In this period, XRP’s trading volumes amounted to nearly $24.5 billion, almost triple that of Ethereum (ETH), which had around $9 billion.

Best Crypto Exchange for Everyone:

  • Invest in Ripple (XRP) and 70+ cryptocurrencies and 3,000 other assets.
  • 0% commission on stocks – buy in bulk or just a fraction from as little as $10.
  • Copy top-performing traders in real time, automatically.
  • Regulated by financial authorities including FAC and FINRA.

2.8 Million Users

Get Started


- Advertisement -
ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Jane Smith
Jane Smith
As a Bitcoin Journalist, I am dedicated to reporting the latest developments in cryptocurrency, with a particular focus on Bitcoin. Through extensive research and interviews with industry experts, I provide accurate and up-to-date information on the ever-evolving world of cryptocurrencies. My goal is to help readers stay informed and make informed decisions regarding their investments in this rapidly changing field.
- Advertisment -spot_img