Ripple Kembangkan Web3 Di Jepang, Ini Bocoran Informasinya!

Ripple develops Web3 for use by various companies in Japan. (photo: doc. Investogist)

JAKARTA The blockchain solution and cross-border payment company, Ripple, is reported to have collaborated with a design consulting service company from San Francisco, namely btrax. Both sides will develop a Web3 design lab using XRP Ledger (XRPL).

The results of the collaboration between the two companies are expected to help various companies in Japan to accelerate Web3 business development. According to information, the founder of the Audio Metaverse, Takahito Iguchi will act as lab executive adviser.

Iguchi is not new to this industry. In 2008, he had founded an Augmented Reality (AR)-based company based in Tokyo, Tonchidot. Iguchi's work didn't stop there, he also managed to introduce a unique voice streaming platform called Dabel.

The project will focus on educating companies in Japan about cases of Web3 use and promoting its development. Btrax will host a camp and workshop in San Francisco to come up with new business ideas on Web3. The company will also examine the latest trends and developments in the sector.

Meanwhile, according to Ripple's VP of Strategy and Operations, Emi Yoshikawa, stated that the cooperation was evidence of how strong the Ledger XRP is. Ripple itself is no stranger to the Japanese market. Last year, she partnered with SBI Remit, the country's largest money forwarding service provider, to increase cross-border payments to the Philippines.

As reported by U.Today, Ripple is considering moving its global headquarters to Japan before deciding to stay in San Francisco. The company is continuing its global expansion despite the US Securities and Exchange Commission (SEC) cutting it off at the green table. Last month, Ripple also announced the launch of a new On-Demand Liquidity (ODL).

Ripple vs SEC case

As is known, Ripple Labs is currently still at odds with the SEC. The US regulator accused Ripple and company officials of selling unregistered securities in December 2020. Whereas previously, Ripple planned to go public with listings on well-known stock exchanges in the US as Coinbase did.

However, with the SEC's lawsuit, the plan had to be postponed. Ripple itself rejected the categories provided by the regulator against XRP as a security. Ripple urged the SEC to disclose the source of the categorization originating from William Hinman's 2018 speech email. However, until 2022, the regulator did not comply with the request.

In late August, the crypto community urged SEC chairman Gary Gansler to leave his post by holding a petition on Change.org. Previously, an article written by Roslyn Laytonton entitled Gary Gensler: Resign has been published in Forbes. Layton urged Gensler's resignation regarding the absence of transparency of the SEC rules. However, not long after, the Layton article was taken down by Forbes. Now the Gary Gensler: Resign article is no longer accessible.