The company further declared that an XRP blockchain integration has the potential to revolutionize how they handle cross-border payments for both partners and travelers worldwide. Besides Webus, Nasdaq-listed VivoPower is another company that is looking to establish an XRP Treasury.
VivoPower will use BitGo as an exclusive over-the-counter (OTC) trading desk to acquire the $100 million XRP tokens. The company will also use the crypto platform for the trading of its XRP holdings through BitGo’s 24/7 OTC trading desk and holding of its assets through the custody platform.
However, this fund is unlikely to be available before the first half of the year ends, as there is only an 18% chance of approval before July 31. The XRP ETFs will drive more institutional inflows into the XRP ecosystem, which is bullish for the altcoin’s price.
