tl;dr
Ripple is expanding the adoption of digital assets in Korea and Japan, partnering with Futureverse, a Metaverse tech firm. They aim to bolster crypto infrastructure in the region for institutional adoption. Additionally, Ripple has partnered with Yonsei University in Korea for its University Blockch...
Ripple is expanding the adoption of digital assets in Korea and Japan, partnering with Futureverse, a Metaverse tech firm. They aim to bolster crypto infrastructure in the region for institutional adoption. Additionally, Ripple has partnered with Yonsei University in Korea for its University Blockchain Research Initiative (UBRI).
Ripple also plans to introduce advanced programmability to the XRP Ledger, including smart contracts. Despite these developments, the price of the XRP token has dropped significantly in recent years.
Key Points:
- Ripple plans to expand adoption of digital assets in Korea and Japan.
- The company has partnered with Futureverse, a Metaverse tech firm.
- Korea’s Yonsei University became Ripple’s 58th global partner for the firm’s UBRI.
Ripple, the U.S.-based creator of the XRP Ledger (XRPL), is making a concerted push into the Asia Pacific region. The company aims to bolster crypto infrastructure in South Korea and Japan to pave the way for institutional adoption, according to the latest social media post by Ripple’s CTO David Schwartz.
In addition to its regional expansion plans, Ripple has also announced a partnership with Futureverse, a metaverse tech firm that will leverage Ripple Custody to securely store its digital assets. Futureverse has already adopted the XRPL NFT standard, uses XRP as the gas token on the Root Network, and is integrated with the XRPL DEX for network liquidity.
Ripple plans to introduce advanced programmability, including smart contracts to the XRP Ledger. This will help builders gain additional customizability for a variety of use cases.
Further demonstrating its commitment to the region, Ripple has partnered with Korea’s Yonsei University, becoming the firm’s 58th global partner in its University Blockchain Research Initiative (UBRI). UBRI has committed more than $60 million to promote academic excellence and research in blockchain technology.
On the other hand, according to the data from CoinMarketCap, the price of the XRP token, the seventh-largest digital asset in the market, rose 3.65% and the altcoin is currently trading at $0.5672, down 85.27% from its all-time high of $3.84, witnessed on January 4, 2018. In the past seven days, XRP dropped 4.30% while in the past 30 days, the altcoin is down 0.66%. Since September 2023, XRP has been one of the worst-performing altcoins, up only close to 13.06%, being outperformed by Bitcoin, Ether, Solana, Tron, and others.
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CME Group Inc. (Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, The Commodity Exchange) is an American global markets company. It is the world's largest financial derivatives exchange, and trades in asset classes that include agricultural products, currencies, energy, interest rates, metals, stock indexes, and cryptocurrencies futures.
Industry: FINANCE, SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES
Market Cap: 77.687 billion
Current Price: $220.25
Price/Earnings Ratio: 23.84
Dividend Yield: 4.5%
Beta: 0.571
Revenue: 57.878 billion
Net Income: 9.05
Earnings Per Share: $16.11
Price/Sales Ratio: 0.131
Price/Book Ratio: 0.127