Vivopower Bets $5M on First XRP-Backed Weathercoin for Climate Trading
Vivopower International Plc - the guys on the Nasdaq with the ticker VVPR - are really starting to push XRP into the mainstream financial...
Quick overview
- Vivopower International Plc has made a $5 million investment in Kweather Co. Ltd. to promote XRP in the financial sector.
- The partnership aims to launch Weathercoin, the first climate-focused token backed by XRP, by November 30th.
- Kweather will become the first publicly listed Korean company to directly invest in XRP, acquiring a 20% stake in Vivopower.
- This collaboration signals a trend of integrating digital assets into sustainable investing, potentially expanding XRP's role in global markets.
Vivopower International Plc – the guys on the Nasdaq with the ticker VVPR – are really starting to push XRP into the mainstream financial world, with a $5 million investment that should start making their presence felt. Just a week or so ago on Nov 3rd, they announced a partnership with Kweather Co. Ltd. (if you’re wondering what that is KOSDAQ ticker 104460) which is South Korea’s top weather data provider, to start up an XRP reserve and roll out a brand new climate focused token called Weathercoin – they’re claiming it as the very first of its kind.
The deal, which they think they’ll wrap up by Nov 30th, sets Kweather up as the first publicly listed Korean company to let investors have a direct finger on the pulse of XRP. That’s not all, though. The agreement also has Vivopower snapping up a 20% stake in Kweather through their digital assets arm, Vivopower Federation. And in return, they get two of the five board seats—and one of those seats is for Adam Traidman, some bloke who used to work at Ripple Labs.
- The investment is $5 million for a 20% stake.
- They get 2 out of 5 board seats, and one of them is an ex-Ripple man.
- They think the whole thing will be wrapped up by November 30th.
XRP and Climate Intelligence get cozy
This deal should signal a new trend: digital assets integrated into sustainable investing, which many smart money players are betting on. What’s happening here is that Kweather is going to buy XRP and stash it in its digital asset treasury. They will use the cash from the share sales to buy some of Vivopower’s shares.
Dong Sik Kim, who is the CEO of Kweather, was pretty chuffed when he said, _”We are stoked to be partnering with Vivopower and launching our XRP and blockchain division. “_Kevin Chin, the exec Chairman over at Vivopower, said the Weathercoin is going to be a risk management tool and really help South Korea become one of the largest XRP markets out there.
Blockchain and Sustainability Integration
Weathercoin is going to be the first token backed by XRP—and that’s the kind of thing that should get a lot of people talking. By backing the token with XRP, Vivopower and Kweather are giving investors a real chance to get in on the action—and take part in the rapidly growing digital asset market.
- First-of-its-kind climate token backed by XRP.
- Getting blockchain and sustainability on the same team.
- Looks like XRP is going to be the bridge that links those DeFi guys to real-world economy systems
Loads of industry analysts say this is just the beginning and should really help push XRP forward in global markets. With Weathercoin, XRP will play a much bigger role in the world of digital finance, helping people invest in solutions that are good for the planet.
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