Infinite Block Joins XRP Ledger As Validator, Aims To Expand Ecosystem

According to U.Today, South Korea's cryptocurrency service provider, Infinite Block, has joined the XRP Ledger as a validator. The company aims to expand the XRPL ecosystem by offering XRP-focused services to various corporations. In early 2023, Infinite Block obtained a license from the Korean Financial Services Commission to operate as a virtual asset service provider, making it one of the few entities to receive this license from the South Korean regulator. Infinite Block's CEO, Jung Gu-tae, believes that this recent move will enhance the reliability of the XRPL. The company stated, 'We will contribute not only to user protection but also to enhancing the reliability of XRPL based on thorough regulatory compliance, both domestically and internationally.' Validators are crucial to the network as they determine the set of candidate transactions that can be considered for the next block. They ensure that the XRP Ledger continues to operate smoothly. Unlike Bitcoin or Ethereum, the XRPL network does not offer incentives for validators. In related news, SBI VC Trade, the cryptocurrency trading platform of Japanese financial giant SBI Holdings, has also begun operating an XRP validator. This move is intended to represent the interests of SBI customers who hold the token. Additionally, last week, the XRP Ledger Foundation, a non-profit entity, added Anodos Finance to its unique node list (UNL).