Recently, rumors emerged suggesting that Saudi Arabia may allow American citizens to purchase property using XRP. However, no official confirmation has been received from authorities.
Still No Official Confirmation
According to various reports, Saudi Arabia might permit the use of XRP for property purchases by Americans. However, the lack of official confirmations from Saudi authorities raises questions about the credibility of these claims.
HRH Prince Abdulaziz's Investments
HRH Prince Abdulaziz has invested $121 million in XRP through VivoPower International PLC, aiming to implement a digital asset treasury model. The prince stated, "We have been investors in the digital asset sector for a decade and have been long-term holders of XRP. After reviewing a number of listed vehicles seeking to embrace a digital asset treasury model, we selected VivoPower given its strategic focus on XRP and its objective to contribute to building out the XRPL ecosystem." CITE_W_A
Market Reacts to Rumors
Recent rumors regarding the potential use of XRP for real estate purchases have elicited reactions in the market, although the absence of official actions from Saudi agencies casts doubt on the claims' validity. The cryptocurrency community is actively discussing the news, although information about legitimacy and impact remains scarce.
While potential changes in the perception of digital assets are suggested, confirmation from official sources is needed to assess the real impact of rumors on the Saudi real estate market. For now, the situation remains speculative.
