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A Saudi Prince Has Been an XRP Holder Since 2017, VivoPower CEO Confirms
In a groundbreaking revelation that has sent shockwaves throughout the cryptocurrency and blockchain landscape, Kelvin Chin, Chief Executive Officer (CEO) at VivoPower International PLC, has come forward to confirm that a Saudi Arabian prince has been holding XRP since 2017. This bombshell news has significant implications for the XRP community and beyond.
According to an exclusive interview with Crypto Eri Carpe Diem on X, Chin revealed that during their discussions about VivoPower’s bold strategy of allocating a substantial portion of its treasury to XRP, they were approached by a member of the Saudi royal family. This individual disclosed their commitment to the cryptocurrency since 2017, underscoring the long-term conviction and faith in XRP’s potential.
The strategic partnership between VivoPower and the Saudi prince has far-reaching consequences for the digital asset sector. The move marks a significant shift away from public companies opting for Bitcoin or Ethereum treasury allocation, opening up new opportunities for XRP adoption and growth. Furthermore, it highlights the growing interest in XRP within influential and high-net-worth circles.
Chin emphasized VivoPower’s commitment to building decentralized finance (DeFi) solutions on the XRP Ledger (XRPL), which further solidifies the company’s vision as a strong proponent of XRP-centric strategy. The CEO believes that this endeavor will not only enhance the value of VivoPower but also contribute significantly to the development and growth of the XRPL ecosystem.
It is imperative to note that, in an era where institutional investments are increasingly gaining traction, this partnership may well be the catalyst required to propel XRP’s adoption forward. By bringing on board a prominent investor like Prince Abdulaziz bin Turki bin Talal Al Saud, VivoPower demonstrates unwavering commitment to its vision for blockchain-based DeFi applications.
VivoPower’s bold endeavor has significant implications beyond the confines of the cryptocurrency market. This new development underscores Saudi Arabia’s rising interest in digital assets and blockchain technologies. As President Donald Trump discussed with Prince Abdulaziz during a recent meeting, this shift may be seen as an opportune moment for deploying digital assets and blockchain-based solutions within the country.
This pivotal news has sent ripples throughout the cryptocurrency community, with many speculating about potential implications for market trends.
Source: timestabloid.com
