VivoPower Teams Up with Crypto.com for XRP Treasury Strategy
Nasdaq-listed VivoPower has announced a strategic collaboration with Crypto.com. This partnership is set to enhance VivoPower’s XRP-focused digital asset approach.
Crypto.com will serve as VivoPower’s custodial provider.this move leverages Crypto.com’s reputable custody solution to boost VivoPower’s digital asset treasury. Previously, VivoPower partnered with BitGo. Now, it aims to broaden its reach through Crypto.com’s vast user base.
Kevin Chin, VivoPower’s executive chairman, expressed excitement about listing VivoPower’s shares on crypto.com’s platform. This will give Visibility to VivoPower (VVPR) to over 150 million users. Moreover, Crypto.com’s global custody services will aid VivoPower’s international growth initiatives.
Chin believes this alliance will strengthen VivoPower’s XRP treasury strategy. It will also support Caret’s digital asset mining activities.
VivoPower,founded in 2014,has a presence in multiple countries. Its Caret Digital segment uses renewable energy for digital asset mining.
- VivoPower plans to be a leading player for XRP and teh XRP Ledger.
- The company is eyeing the growing decentralized finance sector on the Ripple blockchain.
VivoPower is following a trend where public companies adopt crypto as a treasury asset.In June, VivoPower revealed plans to purchase $100 million worth of XRP via BitGo.
