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Ripple

Ripple Partners With Catalyze Research To Boost XRP Adoption In South Korea

Kent Tenix
by Kent Tenix
2 years ago
·
Posted in Ripple
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Amid accelerated efforts to expand its global presence, Ripple Labs has allied with Catalyze Research to boost XRP Ledger (XRPL)’s user base in South Korea. 

Leading web3 and blockchain-focused consultancy firm, Catalyze Research, took to Twitter to announce the strategic collaboration on July 26, following Ripple’s official blog announcement on Tuesday, July 25.

This partnership will allow XRPL to penetrate the South Korean crypto market and empower local developers.

Ripple To Boost XRPL Adoption Through Collaborative Developer Efforts In South Korea

The blog post highlighted Catalyze Research’s prowess and reputation as a leading web3 and blockchain consultant. Through this collaboration, Ripple and Catalyze Research will leverage South Korea’s rapidly growing crypto developer community to boost XRPL.

Besides boosting XRPL’s presence in the country, the integration primarily focuses on empowering South Korea-based developers and encouraging them to build on the XRP Ledger.

Related Reading: Binance Vs. CFTC Showdown: Court Sets Next Deadlines

The partnership will sponsor XRPL development education tailored to the needs of South Korean software engineers. It will engage the local developer community through workshops, meetups, and hackathons. Also, the team will devise strategies to allow the seamless integration of various decentralized finance (DeFi) and NFT-based dApps on the XRP Ledger.

Ripple and Catalyze Research executives openly welcomed the collaborative idea, expressing optimism about its success. Commenting on the development, Markus Infanger, the Vice President of Ripple’s RippleX Growth, was enthusiastic as he looks forward to the potential achievement expected from the collaboration.

Infanger acknowledged South Korea’s status as a bubbling hub for blockchain technology. He highlighted Ripple and Catalyze’s shared vision to promote growth and adoption in the space, providing an enabling environment that will allow South Korean developers to unlock the full potential of XRPL.

CEO of Catalyze Research, Ben Ko, shared a similar sentiment with Infanger, noting the partnership will accelerate the growth of XRPL in South Korea by fostering innovation and collaboration. Ko wants to nurture a growth-friendly atmosphere in South Korea to place the nation in a global leadership position in blockchain technology. 

XRPUSD price chart
XRP’s price currently hovers around $0.71616 in the daily chart. | Source: XRPUSD price chart TradingView.com

Ripple Ramps Up Expansion Plans

The collaborative effort between both firms is only one of many similar recent endeavors by the fintech company to promote innovation and development. Ripple’s CEO Brad Garlinghouse revealed that the firm plans to diversify its offerings to advance beyond liquidity provision to other aspects of blockchain technology.

Related Reading: Landmark Victory: US Congress Committee Passes Historic Crypto Bill

As part of this vision, Ripple partnered with SUPER HOW, a private blockchain tech research lab, to work on the Axiology project.

For context, the Axiology project uses tokenized trading and settlement infrastructure to test and issue cryptocurrency, stablecoins, and central bank digital currencies (CBDCs). The initiative utilizes tokenization to track transaction history, boost regulator confidence, and combat fraud and money laundering.

Featured image from Pixabay and chart from TradingView.com
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Kent Tenix

Kent Tenix

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Kent is a talented freelance writer and journalist who creates insightful and thought-provoking content. With over 5 years of experience, she has honed her skills and established herself as an expert in her field. Kent is especially passionate about in-depth reporting and investigative journalism. She thoroughly researches every topic and story she covers to provide readers with comprehensive information and perceptive analysis. Whether she's reporting on politics, business, technology, or culture, Kent prioritizes accuracy, nuance, and integrity. Her goal with every piece is to inform readers and inspire meaningful conversations and positive change. Kent enjoys traveling, photography, and spending time with her family when she's not tirelessly conducting interviews or poring over data. She hopes to continue using her writing to enlighten and engage audiences on issues that matter.

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