VivoPower Partners with Crypto.com to Supercharge XRP Adoption Strategy

Another corporate player bets big on crypto—and this time, it's not just lip service.

VivoPower just inked a deal with Crypto.com to back its XRP-heavy asset strategy. No vague promises here—just cold, hard blockchain infrastructure support from one of the industry's biggest names.

Why This Matters

XRP's been fighting an uphill battle since the SEC lawsuit. But with institutional heavyweights like VivoPower doubling down, Ripple's darling might finally shake off its 'toxic asset' reputation. Or at least give bagholders hope.

The Cynical Take

Because nothing says 'financial innovation' like a solar energy company gambling on the crypto casino. At least they're not using shareholder money to buy JPEGs of apes... yet.

VivoPower’s XRP Strategy

The MOVE comes after VivoPower decides to buy up to $121 million worth of XRP, part of its plan to build one of the first corporate XRP treasuries. It has also agreed to spend $100 million on a deal with Flare Networks to utilize XRP in decentralized finance (DeFi) initiatives with a view to deriving revenue and developing real-world blockchain finance use cases.

To facilitate this strategy, VivoPower teamed up with BitGo for its first $100 million XRP buy in June. BitGo will serve as the sole over-the-counter (OTC) trading counterparty and offer custody for the bought tokens.

Many other companies have adopted this strategy. Vertical farming firm Nature’s Miracle has also set up XRP treasury programs, showing increasing confidence in using XRP as a reserve asset.

Also Read: China’s Huajian Medical Launches ethereum Treasury Strategy