Publicly listed company VivoPower has entered into a significant agreement to acquire shares of Ripple Labs valued at approximately $900 million in XRP cryptocurrency. The deal is specifically targeted at an investment vehicle focused on South Korea, aiming to provide an alternative investment in Ripple shares tied to the value of XRP. Ripple Labs is a renowned blockchain and cryptocurrency firm that issues XRP as a digital asset designed to facilitate faster and lower-cost global financial transactions, simplifying international money transfers. VivoPower’s move is seen as a unique investment strategy in the crypto market, offering an asset linked to XRP’s value but through Ripple shares instead of direct cryptocurrency holdings. This agreement emerges amid growing investor efforts to diversify assets within the cryptocurrency sector. Through this initiative, investors gain an opportunity to invest in Ripple Labs shares as an alternative to directly relying on XRP’s market price. The deal could influence future investment trends related to Ripple and XRP, though the inherent volatility and risks of the cryptocurrency market remain important considerations.
Source: decrypt
