Blockchain firm Ripple expands APAC presence with Japan and Korea fund

Blockchain firm Ripple expands APAC presence with Japan and Korea fund

Blockchain firm Ripple has launched a dedicated Japan and Korea fund, aimed at driving innovation and fostering growth on the XRP Ledger as it continues to expand its presence in the Asia-Pacific region.

The XRP Ledger is an open-source, public blockchain designed for corporate use, powering the XRP cryptocurrency. Ripple leverages blockchain technology and XRP to facilitate real-time, cross-border payments.

An official statement from Ripple claims that the funds will be...

Ripple added to Central Bank of Ireland’s virtual asset service providers register 

Ripple, a specialist in enterprise blockchain and crypto solutions, has revealed that the Central Bank of Ireland (CBI) has added its Irish subsidiary Ripple Markets Ireland Limited (Ripple Markets) to its list of registered Virtual Asset Service Providers (VASPs).

The decision will support Ripple’s business since, as a registered VASP, Ripple Markets will be able to provide certain digital asset services within Ireland.  

Following the registration, Ripple will...

Ripple launches crypto liquidity service for businesses

Liquid

San Francisco-based fintech firm Ripple has launched a liquidity solution to act as a bridge between crypto and fiat currency for businesses.

The Ripple Liquidity Hub launched 13 April following a successful pilot last year.

“Liquidity Hub is publicly available to provide businesses with a simple, seamless way to manage their modern crypto liquidity needs,” the firm said.

The hub is a stand-alone solution operating separately from Ripple’s cross-border...

Ripple: Most financial institutions plan to use crypto within three years

A report by Ripple suggests that most financial institutions plan to start using crypto within the next three years.

Despite the bear market, financial institutions remain interested in the cryptocurrency space. Just this week, $10 trillion asset manager BlackRock launched a spot Bitcoin trust while saying that it’s also exploring “permissioned blockchains, stablecoins, cryptoassets, and tokenization.”

While BlackRock is exploring the potential financial benefits...

Poor market conditions are encouraging a crypto acquisitions spree

Two leading crypto firms, Ripple and FTX, have said they are looking to drive growth through acquisitions in interviews with CNBC at the 2022 annual meeting of the World Economic Forum.

The confidence suggests some crypto firms feel established and capitalised enough to weather the market downturn and still spend on acquisitions.

Brett Harrison, president of crypto exchange FTX’s US branch, told CNBC that the company is in “a very good spot in terms of our capital...

Ripple expands Blockchain University Programme

Ripple has expanded its Blockchain University Programme with an aim to increase adoption of cryptocurrencies.

In its recent press release, Ripple announced new group of partners who will be joining its University Blockchain Research Initiative (UBRI). With this announcement, the total number of partners has become 29 now.

The UBRI programme has been around since 2018 and already includes world’s leading technology institutions. The latest names added to the list are:...