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XRP Is Most Preferred Coin in South Korea Ahead of Ethereum: Report
By Godfrey Benjamin Jan 7, 2025 – 13:24
Ripple’s native cryptocurrency, XRP, has emerged as the most preferred digital asset in South Korea ahead of Ethereum, a new report suggests. This development is not surprising given the country’s strong affinity for fintech and blockchain innovations.
As reported by various sources, including CoinTelegraph, Korean users have been increasingly drawn to XRP due to its utility and scalability benefits compared to other major cryptocurrencies like ETH.
The data reveals that Ethereum (ETH) has consistently struggled to gain traction in the South Korean market. Meanwhile, XRP’s growing popularity stems from its potential for use cases such as cross-border payments, a key area of interest for Korean investors.
We believe that this report underscores the critical importance of stablecoins and digital assets like XRP within Ripple’s payment ecosystem. With RLUSD poised to complement XRP in their payment framework,
the odds of outperforming Ethereum remain high.
Source: u.today
