2024-04-30 02:51:17 ET
Blockchain company Ripple (XRP) has revealed a strategic collaboration with HashKey Group’s Tokyo-based firm HashKey DX.
The partnership aims to launch XRP Ledger-powered business solutions in the Japanese industry.
Ripple announced that the alliance, alongside SBI Ripple Asia (a joint entity between Ripple and SBI Holdings), will aid XRPL-driven solutions to Japan.
HashKey DX will leverage Ripple’s success in the global market to launch supply chain finance resolutions to the Japanese market.
SBI Group firms will be the first corporations in Japan to leverage the supply chain solution.
Further, the three entities (Ripple, SBI Ripple Asia, and Hashkey DX) will navigate more partnerships to enhance XRPL utility in the blockchain world.
According to HashKey DX’s staff Andy Dan,
“The XRPL was the ideal blockchain infrastructure for us to build our proven supply chain finance solution, with its proven enterprise track record and unmatched performance metrics, including rapid settlement speeds, low costs, and scalability.”
Meanwhile, the latest dive into the Japanese market reflects Ripple’s shared dedication to enhancing blockchain technology to ensure real-world value to enterprises.
Cryptocurrency author Panos Mekras believes an in-built account abstraction is the only thing XRP Ledger lacks to achieve mass adoption.
XRP price outlook
The remittance coin changed hands at $0.5122, up 1.80% over the past day. Also, its 24-hour volume jumped nearly 50%, indicating robust investor activity.
XRP maintained bearish actions yesterday, and today’s price surge matches the optimistic decision to venture into the Japanese marketplace .
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