VivoPower for XRP exposure at $ 0.47 per code by buying a Ripple sharing star-news.press/wp

The VivoPower listed in NASDAQ has reached cost -effective means to enhance the XRP wardrobe. The company has announced plans to buy Ripple shares, a step that effectively gives it more exposure to Altcoin because Ripple is the largest symbol.

VivoPower to buy $ 100 million from ripples, and buy XRP for $ 0.47

in press releaseThe company listed on the Nasdaq Stock Exchange announced that it is getting Ripple shares, with an initial purchase of $ 100 million, as part of its strategic strengthening of the treasury strategy that focuses on XRP. Vivopower noted that with this step, Altcoin will be bought effectively at an implicit price of $ 0.47 per code.

The company had announced earlier plans to launch the XRP wardrobe after an increase of $ 121 million in May. After that, the company began investing $ 100 million in XRP on Flare as part of its plan to generate yield from its possessions.

Now, the purchase of Ripple shares is the latest strategy from Vivopower to get XRP exposure, at a low price this time. The company revealed that the plans to obtain $ 100 million include direct agreements with the current Ripple shareholders.

The deal is still subject to the final approval of the executive management of the encryption company. Besides this deal, VivoPower plans to continue obtaining and keeping XRP symbols. Meanwhile, with this last step, the company has noticed that it would become the first and powerful company for the public in the United States, which provides shareholders exposure to Ripple shares and XRP symbols.

Reasons for buying Ripple shares

In the version, Vivopower also made the logical basis behind its plan to buy Ripple shares. She noted that the encryption company is the largest XRP holder with 41 billion code worth $ 135 billion at the current XRP price.

The company also stated that it has the opportunity to obtain shares at a weighted average rate of about 19 billion dollars, which represents a 86 % discount on XRP representation of $ 135 billion. He added that this value excludes the rest of the coding company’s business units, including Rlusd Stablecoin.

Therefore, this means that he will buy XRP codes at an implicit price of $ 0.47 per code. Besides the chance of exposure to Altcoin at a reduced price, VivoPower also suggested that he is optimistic about the Ripple path.

Vivopower noted that the encryption company has increased business from Stablecoin and that it was recently held with BNY Mellon to provide nursery services to its RLUSD reserves. The company listed on the Nasdaq Stock Exchange stated that a similar company with Ripple is the USDC source, which has been announced this year.

In addition, VivoPower mentioned that Ripple has other business units, including digital asset broker, Hidden Road, Crypto Custodians Metaco and Custody & Trust standard. The encryption company also recently announced plans to obtain the StableCoin Platform Railway.

It should also be noted that Ripple is now clear from an organizational perspective. The encryption company and SEC have made a joint dismissal for the XRP lawsuit on August 7, which ended the legal battle for a period of 5 years.

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Alignafe Adeyemi

Boluwatife Adeyemi is a writer and editor of encryption news that covers topics that exceed several ports. Its speed and alacity covering uniform break updates. He has a talent to simplify the most technical concepts and make them easy to understand beginners in encryption. Boluwatife is also a lawyer, a law certificate from the University of Ibadan. It also holds a certificate in digital marketing. Away from writing, he is a fan of thirsty basketball, traveler, and part -time Degen.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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