Vivopower recently announced plans to become the first public company to adopt XRP as a financial reserve asset. The decision came shortly after the company successfully completed its $121 million private service and created headlines in both the crypto and business worlds.
Why XRP? The CEO explains
In a recent interview with Tony Edwards, Vivopower CEO Kevin Chin revealed why he chose XRP over more common options such as Bitcoin, Ethereum and Solana.
Chin shared that his belief in XRP is not new. He has been following and investing in digital assets for years. But what really stood out from the XRP’s deficient space. “I have a real belief in XRP and what it can do for the market,” Chin explained.
He also said that while Bitcoin’s Treasury Department has become commonplace, more than 100 companies keep BTC in reserves, the XRP market remains relatively untapped. “We saw a gap in the market,” he added, suggesting that Vivopower wanted to be the first initiator in this field.
“I think there are over 100 Bitcoin finance companies. I already felt it was pretty crowded. And there are people who are already doing very well in the market. Likewise, along with Solana and ETH, there were already other players,” he said.
The faithful follow of XRP played a role
Another reason for this move was XRP’s powerful and passionate global community, known as the “XRP Army.” Chin acknowledged that the company is part of this community and recognizes the impact and dedication of XRP holders around the world.
A big win for XRP adoption
This decision is a huge moment for XRP and its supporters. As more traditional companies explore cryptocurrencies, the announcement of Vivopower will encourage others to look beyond Bitcoin and Ethereum, opening up new opportunities for digital assets like XRP in the corporate world.
