XRP News: Ripple and SBI Holdings Subsidiary Announce Strategic Partnership
Highlights
- Ripple and Japanese financial giant SBI Holdings subsidiary announce a strategic partnership.
- SBI Digital Community Co to promote XRP Ledger and issue non-fungible tokens on the XRP Ledger.
Crypto payments firm Ripple and Japanese financial giant SBI Holdings subsidiary announced a strategic partnership on Tuesday. The company will help increase the use of XRP Ledger and issue non-fungible tokens (NFTs) on the blockchain, boosting the adoption of XRP in the community.
SBI and Ripple Expand Partnership for XRP Adoption
In a press release on August 13, SBI Digital Community Co., a subsidiary of SBI Holdings, revealed the plan to promote XRP Ledger in the web3 community. The move comes after a strategic partnership with Ripple Labs.
XRP Ledger is a public blockchain that enables fast, low-cost, and sustainable cross-border payments such as Ripple Payments. The company also contributes to the open-source development of this blockchain.
“Through this strategic partnership, we will increase the opportunities for individual users to use the XRP Ledger through “Bto3 Web3 community operated by SBI Digital Community, and work to popularize the XRP Ledger.”
The web3 community will also issue non-fungible tokens (NFTs) on the XRP Ledger. It will also help support users in learning about the blockchain and Ripple. The web3 community plans to use NFT marketplace xrp.cafe for the distribution and buying and selling of NFTs. In addition, the SBI Digital Community will pay XRP rewards to creators and other contributors.
SBI Holdings Support to XRP
Ripple’s partner SBI continues to expand its crypto presence. including supply chain, new remittance corridors, and mobile payment applications. The company also plans to put Ripple and XRP in the spotlight at the 2025 World Expo.
In addition, SBI recently announced plans to establish an investment management company with Franklin Templeton to enter Bitcoin ETF market. However, the current stance of the Japanese top final regulator remained cautious on the Bitcoin ETF approval.
XRP price jumped 1% in the past 24 hours and 14% in a week, with the price currently trading at $0.57. The 24-hour low and high are $0.560 and $0.578, respectively. Furthermore, the trading volume has decreased by 21% in the last 24 hours, indicating a decline in interest among traders.
- Breaking: Crypto Market Crashes as Trump Imposes 100% Tariff on China
- ASTER Airdrop Delayed to October 20 Amid Criticisms Over Token Allocations
- U.S. Inflation Data: BLS to Release CPI Report on October 24 Amid Government Shutdown
- Bank of America, Citigroup and Goldman Sachs Explore Issuing Stablecoins Pegged to G7 Currencies
- Breaking: Bitcoin Falls After Trump Threatens ‘Massive’ Increase in Tariffs on China
- Can $TAPZI Reach $1 In Q1 2026?
- Here’s Why XRP Price May Have a Zcash-Like Surge
- $TAPZI Price Prediction: What’s Ahead of the $TAPZI token Presale?
- Cardano Price Targets $2 as Hydra 1.0 Ignites New Era of Speed and Adoption
- Dogecoin Price Prediction as $23M Leaves Exchanges—Is the Parabolic Phase Beginning?
- Pi Network Price Collapses as Analyst Proposes Turnaround Tweaks
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
