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Ripple Establishes Collaborations in South Korea to Foster Blockchain Technology

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by Giorgi Kostiuk

2 years ago

  1. Ripple and Futureverse Partnership
  2. Expanding Ripple's Influence in Asia
  3. Ripple's UBRI Initiative


    4. Ripple has announced strategic partnerships in South Korea aimed at accelerating blockchain adoption across the Asia-Pacific region.

    Ripple and Futureverse Partnership

    One of Ripple’s new partners is Futureverse, a company specializing in AI and metaverse technologies. Futureverse has fully embraced the XRPL network for its efficiency and cost-effectiveness. Through this partnership, Futureverse will leverage XRP as the native gas fee token for its Otto blockchain, with the XRPL DEX serving as a significant source of liquidity.

    Expanding Ripple's Influence in Asia

    In addition to its partnership with Futureverse, Ripple has also announced new initiatives to accelerate blockchain adoption throughout Asia. Yonsei University in South Korea has become the 12th Asian partner and 58th global partner of Ripple’s UBRI program, which supports blockchain research and education.

    We have confidence in Ripple's capabilities and value our long-standing relationshipJeffrey McDonald, Chief Customer Officer at Futureverse

    Ripple's UBRI Initiative

    Since its launch in 2018, the UBRI program has allocated over $60 million to universities worldwide. The program aims to develop the next generation of blockchain innovators.

    Ripple's new partnerships in South Korea and other initiatives highlight the company's commitment to advancing blockchain technology in the Asia-Pacific region and globally.

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