Picture of the author

Crypto Market News

06/11 18:47

XRP at Core of Massive $100 Million Institutional

XRP at Core of Massive $100 Million Institutional Yield Push538935a10d6a45f1b3e07010357fa114.jpeg

VivoPower, a publicly traded company on NASDAQ, has announced a $100 million partnership with the blockchain network Flare in order to secure passive income from its XRP holdings.

This essentially means that the company will be actively using its XRP for generating yield instead of just holding the tokens.

The passive income earned as a result of this deal will be reinvested back into the Ripple-linked token. In such a way, the company plans to increase shareholder value.

It is worth noting that the deal is particularly significant for the popular altcoin since it is being presented as a novel institutional use case for the XRP token.

#Post To Earn Bonus#Share Your Thoughts on Popular Assets in June#Claim1,200 USDT in the Monthly Creation Challenge
5Share

All Comments0LatestHot

LatestHot
noContent

No records