VivoPower Pioneers the Use of XRP in Cryptocurrency Reserves
VivoPower has just announced plans to become the first publicly traded company to use XRP as a cryptocurrency treasury reserve asset. This decision comes right after the company successfully completed a private funding round worth $121 million, attracting strong attention from both the financial and cryptocurrency sectors.
Why Choose XRP? The Executive Explains
In a recent interview, CEO Kevin Chin shared the reason the company chose XRP over popular options like Bitcoin, Ethereum, or Solana. Chin stated that he has been tracking and investing in cryptocurrencies for many years and believes in the potential of XRP, especially in the DeFi (Decentralized Finance) sector.
He emphasized: “I have a strong belief in XRP and its ability to drive the market.” Although holding Bitcoin in the treasury is becoming increasingly popular with over 100 companies owning BTC, the XRP market still has plenty of room for growth. VivoPower sees that gap and wants to be a pioneer in exploring it.
The XRP Community – Strong Support in the Background
Another important factor driving VivoPower to choose XRP is the loyal and passionate global community known as the “XRP Army.” The company has deeply engaged with this community and is well aware of the influence and dedication of XRP holders worldwide.
Important Progress to Promote XRP Acceptance
VivoPower's decision marks a significant milestone for the application of XRP in the traditional business world. As more businesses explore cryptocurrencies, VivoPower's choice could inspire other companies to move beyond Bitcoin and Ethereum, opening up new opportunities for digital assets like XRP.
VivoPower's positioning of XRP at the center of its financial strategy signals a shift in how corporations think about liquidity and cryptocurrency reserves. This is a positive signal affirming that XRP is not just a DeFi Token but also a strategic financial tool in the digital age.
Source: https://tintucbitcoin.com/ceo-vivopower-khen-xrp-army-manh/
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