Ripple, which has been continuing its legal fight with the SEC for years, continues to expand outside the USA. At this point, news of a new partnership came from the Ripple front.
Ripple made a big announcement today, announcing its collaboration with HashKey Group's Tokyo-based expert consultancy HashKey DX to introduce XRP Ledger (XRPL)-powered enterprise solutions to the Japanese market.
“Ripple, a leading provider of enterprise blockchain and crypto solutions, has entered into a strategic partnership with HashKey DX, HashKey Group's Tokyo-based expert consultancy, to introduce XRP Ledger (XRPL)-powered enterprise solutions to the Japanese market.
HashKey Group offers blockchain-powered supply chain finance solutions that have been widely adopted in mainland China.
“HashKey DX will introduce these supply chain finance solutions to Japan by collaborating with Ripple and SBI Ripple Asia, the joint venture between Ripple and SBI Holdings.”
Andy Dan of HashKey DX said: “XRPL was the ideal blockchain infrastructure for us to build our supply chain finance solution, with a proven track record of enterprise performance and unparalleled performance metrics including fast payment speeds, low costs, and the ability to deliver meaningful transformation through scalability and enable us to leverage the global market in Japan.” “We are confident in our ability to deliver innovative, cutting-edge solutions for businesses.”
XRP price increased by 2% in the last 24 hours. Today's rising price action of XRP seems to be in line with the news of the successful partnership.
*This is not investment advice.