- Ripple’s partnership with SBI Digital Community enhances the XRP Ledger’s use for NFTs, aiming to drive broader adoption in the web3 space.
- This collaboration signifies Ripple’s growing influence, aligning with broader initiatives like promoting XRP at the 2025 World Expo and venturing into the Bitcoin ETF market with Franklin Templeton.
On August 13, SBI Digital Community, a subsidiary of SBI Holdings, announced a strategic partnership with Ripple. This collaboration aims to boost the use of the XRP Ledger and expand the adoption of XRP within the web3 community. This is in line with a recent update of CNF on the Ripple Partner SBI Holdings & Franklin Templeton Partnership.
The partnership will focus on promoting the XRP Ledger for various applications, including issuing non-fungible tokens (NFTs). SBI Digital Community will utilize the NFT marketplace xrp.cafe for NFT transactions and reward creators and contributors with XRP. The initiative also aims to educate users about the blockchain and Ripple’s offerings.
SBI’s Broader Crypto Engagement
SBI Holdings continues to enhance its crypto initiatives, including supply chain solutions and mobile payment applications. The company also plans to highlight Ripple and XRP at the 2025 World Expo. Additionally, SBI has announced a venture with Franklin Templeton to enter the Bitcoin ETF market, although Japanese regulators remain cautious about Bitcoin ETF approvals.
As of now, according to CoinMarketCap data, Ripple (XRP) is trading at $0.5795, with a surge of 2.75% in the past day and 11.95% in the past week. As we previously discussed, this momentum hopes to boost the price continuously as Ripple launches the RLUSD stablecoin, marking a new era for cross-border transactions on the XRP Ledger and Ethereum
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