{"id":11548,"date":"2024-05-13T16:13:49","date_gmt":"2024-05-13T16:13:49","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/xrp-ledger-attracts-the-next-asian-institutional-validator\/"},"modified":"2024-05-13T16:17:13","modified_gmt":"2024-05-13T16:17:13","slug":"new-asian-institutional-validator-joins-the-xrp-ledger-network","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/new-asian-institutional-validator-joins-the-xrp-ledger-network\/","title":{"rendered":"New Asian Institutional Validator Joins the XRP Ledger Network"},"content":{"rendered":"\n<p>Bringing their expertise in virtual asset services, Infinite Block, a Korean company, has recently become a validator on the XRP Ledger to support its growth in Korea amidst strict regulations.<\/p>\n<h2>Enhancing the XRP Ledger Ecosystem<\/h2>\n<p>With a VASP license secured by Infinite Block, they stand out for their compliance with Korea&#8217;s virtual asset regulations, including key standards like the international Travel Rule and anti-money laundering measures.<\/p>\n<p>Since its inception in 2012, the XRP Ledger has seen over 2.5 billion transactions and has key contributors such as Ripple and the XRPL Foundation. XRP, the native token, is a top-ranking virtual asset globally.<\/p>\n<p>By joining as a validator, Infinite Block aims to strengthen the local blockchain environment and boost Korea&#8217;s presence in the global arena while ensuring governance, ecosystem expansion, and corporate service in adherence to regulatory standards.<\/p>\n<p>CEO Jung Gu-tae stresses the importance of their role in providing regulatory support specific to Korea&#8217;s virtual asset industry to enhance user protection and overall reliability.<\/p>\n<p>Ripple&#8217;s Emi Yoshikawa expressed her approval of Infinite Block&#8217;s participation on the XRP Ledger, highlighting the trend of more institutional-grade validators joining the network from Asia.<\/p>\n<p>Commenting on the strategic timing of Infinite Block&#8217;s announcement, lawyer Bill Morgan suggests a coordinated effort in expanding institutional support in Asia, following recent developments like SBI Holdings becoming a validator.<\/p>\n<p>As of now, XRP is trading at $0.5045.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bringing their expertise in virtual asset services, Infinite Block, a Korean company, has recently become a validator on the XRP Ledger to support its growth in Korea amidst strict regulations. Enhancing the XRP Ledger Ecosystem With a VASP license secured by Infinite Block, they stand out for their compliance with Korea&#8217;s virtual asset regulations, including [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11549,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"New Asian Institutional Validator Joins the XRP Ledger Network - Bitrabo","description":"Bringing their expertise in virtual asset services, Infinite Block, a Korean company, has recently become a validator on the XRP Ledger to support its growth in"},"footnotes":""},"categories":[316],"tags":[2729,2034,1716,843,1372,517],"class_list":["post-11548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-asian","tag-attracts","tag-institutional","tag-ledger","tag-validator","tag-xrp"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/11548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=11548"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/11548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/11549"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=11548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=11548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=11548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}