JAKARTA - SBI Digital Community Co. Ltd., a subsidiary of SBI Group, Japan's leading financial services company, has just announced a strategic collaboration with Ripple Labs Inc.
This collaboration aims to expand the use of XRP Ledger, a layer 1 blockchain technology known for its speed, cost efficiency and sustainability, within the Web3 community.
Under the leadership of the President and CEO ofâUtamataro Sato, Tokyo-based SBI Digital Community will use XRP Ledger to develop more interactive and accessible Web3 services for users around the world.
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This move not only expands the adoption of XRP Ledger, but also facilitates the launch and trading of Non-Fungible Tokens (NFTs) on this platform. SBI Digital Community, through their Bto3 initiative, plans to use XRP Ledger as a basis for the issuance of NFTs, which will be marketed through XRP Cafe, a dedicated marketplace for distribution and trading of NFTs published on XRP Ledger.
In addition, the company also offers options for creators and community contributors to receive rewards in XRP form, according to their wishes.
The use of XRP Ledger technology within Web3 is not only expected to increase user interaction with blockchain, but also encourage other companies to adopt this technology in providing better and more innovative B2C (business-to-consumer) services.
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