news 
Ripple News: VivoPower Deploys $100M in XRP via Flare, Price Dips
VivoPower International, a Nasdaq-listed company, has recently announced its plans to deploy an impressive $100 million worth of XRP tokens through the Flare blockchain. This massive investment aims to generate yield, allowing the company to earn passive income from their holdings. This move makes VivoPower one of the first public companies to adopt XRP for treasury operations, following a trend where big firms like MicroStrategy have used Bitcoin in a similar way.
In addition to this announcement, VivoPower will also utilize Ripple’s upcoming USD stablecoin as part of its treasury management system. The company’s CEO took to social media to share the news, announcing the partnership with Flare Networks and highlighting the potential benefits for both XRP and the Flare network.
This recent development strengthens the use cases for both XRP and the Flare network, showcasing increased institutional adoption and interest in these projects.
Source: coinpedia.org
