VivoPower International PLC, a sustainable energy solutions firm, has announced its partnership with the cryptocurrency exchange Crypto.com as a significant step in managing its XRP assets.
Partnership between VivoPower and Crypto.com
VivoPower has entered a strategic partnership with Crypto.com, which will serve as its custody partner for XRP assets. VivoPower will utilize Crypto.com Custody services to expand its digital asset treasury. VivoPower's shares will also be available for trading through Crypto.com’s broker, enhancing the visibility of VVPR shares among investors.
VivoPower's Goals in the Crypto Industry
VivoPower aims to position itself as a major player for XRP and XRP Ledger, increasing its presence in the rapidly growing decentralized finance and real-world assets ecosystem on the Ripple blockchain. The company is targeting the acquisition of XRP assets, aligning with broader market trends, and is planning to purchase $100 million worth of XRP through BitGo.
Context and Perspectives
Founded in 2014 and listed on Nasdaq since 2016, VivoPower has a presence in various regions, including the UK, North America, and the Middle East. The company’s shift towards cryptocurrencies as treasury assets is in line with similar moves by other public companies striving to expand their influence in the digital asset markets.
The collaboration between VivoPower and Crypto.com opens up new opportunities for managing XRP assets and could significantly contribute to the company's growth in the crypto market.
