On Tuesday, Ripple announced several key partnerships in South Korea and Japan that are aimed at supporting crypto infrastructure for institutional adoption. The major integration comes after a recently released verdict in the long-running US Securities and Exchange Commission (SEC) vs. Ripple lawsuit.
Ripple’s New Partnerships
Brad Garglinghouse, CEO of Ripple, mentioned in an X post that the new programmability is in the works for the XRP Ledger. The XRP community had been asking for this for a long time. He added that they are looking for growth opportunities for Ripple’s enterprise products to serve crypto-native users. AI and metaverse tech company Futureverse is joining hands with Ripple custody to safeguard its assets. The AI firm has already adopted the XRPL NFT standard and uses XRP as the gas token on the Root Network. It added that it has integrated with the XRPL DEX to supply network liquidity.
Focus on XRPL
Ripple’s University Blockchain Research Initiative (UBRI) just welcomed Korea’s Yonsei University as its 58th global partner. The blockchain firm has committed $60 million to the UBRI program. Ripple highlighted that the XRP community is committed to bringing new programmability to the table. This includes smart contracts to the XRPL dev ecosystem in 2025. It will be done through the XRPL EVM sidechain, which is already in the development stage. However, the company will also explore the native capabilities of the XRPL Mainnet.
XRP Growth and SEC Case Conclusion
XRP registered a surge of around 4% since these developmental announcements came out. XRP has already seen a fresh surge as the long-running case comes to a decisive end. XRP price jumped by 41% in the last 60 days, outperforming Bitcoin’s 9% gains. It is trading at an average price of $0.568 at press time.
Ripple is actively developing its crypto infrastructure through new partnerships and expanding programmability for the XRP Ledger. These steps, aimed at supporting institutional adoption and implementing new technologies, show positive prospects for the crypto ecosystem.
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