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XRP Draws in Big Players with Nearly $1B Put in to Support Ripple
- Eight major companies, including Nasdaq-listed Trident and VivoPower, invested over $986 million in XRP for various purposes like faster payments and creating crypto treasury reserves.
- XRP is gaining corporate traction with institutions investing nearly $1 billion, showcasing its potential in real-world utility such as addressing cross-border payments and blockchain-based finance.
- The eight companies collectively invested over $986 million in XRP, with notable investments from Trident, Webus International, VivoPower, Wellgistics, and Hyperscale Data.
- Trident plans to raise $500 million for its XRP reserve, Webus International allocated an estimated budget of $300 million for XRP-related activities, while VivoPower secured $121 million for its XRP investment portfolio.
- Wellgistics made a $50 million XRP investment to enhance payment speed and build up its crypto treasury, and Hyperscale Data committed $10 million to XRP.
- These investments demonstrate the confidence of major companies in XRP, emphasizing its attractiveness beyond traditional crypto choices like Bitcoin and Ethereum.
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