A major Japanese mobile game company, Gumi Inc., is making a splash in the crypto world. They’re planning to buy $17 million worth of XRP! This shows they’re really getting serious about blockchain technology and see it as a way to make more money and boost their position in the digital economy.
Gumi’s Blockchain Expansion with XRP
Gumi’s announcement to buy 2.5 billion yen (about $17 million) worth of XRP got everyone excited. This isn’t just an investment; they’re aiming to become a big part of the XRP ecosystem. XRP is becoming increasingly popular for quick and cheap international payments. This move also lines up with what SBI Holdings, a major Japanese financial company, is already doing with XRP. SBI Holdings is a big supporter of Ripple and XRP, and Gumi’s move adds even more weight to XRP’s importance in Japanese finance. Gumi wants to be at the forefront of gaming, blockchain, and digital finance – a growing global market where crypto and entertainment are mixing.
The Crypto Community’s Reaction
The crypto community is thrilled about Gumi’s XRP investment. People see this as a huge step, showing that Japan’s gaming industry is embracing blockchain. Some believe this could lead to in-game transactions using XRP, making games faster and more efficient. If this happens, Gumi could become a leader in combining blockchain and gaming.
More XRP Adoption: VivoPower’s Incentive Program
Another company, VivoPower (a battery and electric vehicle company), is also using XRP. They’re giving their shareholders $100 worth of XRP through a partnership with Crypto.com. This shows how even non-crypto companies are finding ways to use digital assets. It’s a win-win for everyone: Crypto.com gets new users, and VivoPower gets a cool way to reward shareholders and strengthen its partnership. This shows XRP is being used for more than just payments.