Gaming heavyweight Gumi adopts XRP for its financial reserves strategy
Ripple, the company behind the popular cryptocurrency XRP, is looking to expand its global reach following years of legal tussle in the United States. This move comes as several companies are announcing their own XRP treasury strategies.
One such company is VivoPower, which has partnered with Crypto.com for the custodial aspect of its XRP treasury strategy. VivoPower's decision to invest in XRP is a testament to the growing acceptance of cryptocurrencies in corporate finance.
Joining VivoPower is Everything Blockchain, a publicly traded company that has entered into a memorandum of understanding with Flare Network for an XRP yield strategy. Arthur Rozenberg, CEO of Everything Blockchain, stated that Flare Network provides the necessary governance, security, and auditability standards for public companies. The company is considering a $100 million XRP deployment via Flare to leverage yield opportunities with Ripple cryptocurrency.
China's Webus International, Trident Digital, and Nature's Miracle are among the other companies that have recently unveiled their XRP treasury strategies. However, in the last few weeks, there have been no recent announcements from companies about an XRP treasury strategy plan, according to available search results.
These developments suggest a growing interest in XRP among businesses, as they seek to diversify their investment portfolios and tap into the potential of cryptocurrencies. As Ripple continues to expand its global reach, we can expect to see more companies adopting XRP as part of their treasury strategies.
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