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US Firm VivoPower Makes Historic Move with Ripple Investment

In a groundbreaking announcement, VivoPower International PLC has revealed its plans to purchase $100 million in shares from Ripple Labs.

This move positions VivoPower as the first publicly traded company in the US to provide its shareholders direct access to Ripple shares and XRP tokens.

The announcement led to a significant increase in VivoPower's stock, with shares surging by over 30%.

Executives at VivoPower highlighted that this strategic purchase enables them to gain indirect exposure to the XRP token at an optimal cost.

By acquiring Ripple shares, VivoPower not only benefits from the potential appreciation of XRP but also gains a stake in Ripple's growing business units.

Ripple Labs, a major player in the crypto space, controls 41 billion XRP, amounting to a substantial percentage of the token's total supply.

This partnership may enhance VivoPower's credibility as Ripple continues to expand its operations, especially in the stablecoin sector.

With BNY Mellon as a primary custodian for Ripple's US dollar-pegged stablecoin, the collaboration looks promising for regulatory compliance and market trust.

As the cryptocurrency landscape evolves, VivoPower's investment in Ripple underscores a notable trend of traditional firms embracing digital assets.

Overall, this pioneering move speaks volumes about the growing convergence of traditional finance and cryptocurrencies.