What happened?
VivoPower, an electric vehicle manufacturer, has decided to start accepting payments in Ripple USD (RLUSD), a native stablecoin of the XRPL ecosystem. This move not only fortifies VivoPower’s partnership with Ripple but also enhances the use case for XRP. The announcement follows VivoPower’s recent launch of an XRP-centric treasury strategy, which involved a $121 million investment in the token.
Who does this affect?
This development primarily impacts VivoPower customers, providing them with an alternative payment method that could potentially save them banking fees and speed up the checkout process. Furthermore, the broader RLUSD and XRP communities also stand to benefit from the increased utility and potential demand growth resulting from this commercial integration.
Why does this matter?
This partnership is significant because it increases the real-world applicability and market demand for RLUSD and XRP. By accepting cryptocurrency as a payment method, VivoPower is not only supporting the bullish price prediction for XRP but also contributing to the overall growth and acceptance of cryptocurrencies in the business world. Consequently, this could have a market impact, boosting the value of XRP and crypto-assets more broadly.