Blockchain payments firm Ripple Labs is spearheading a $1 billion fundraising initiative to acquire XRP, the native token of its blockchain network, Bloomberg reported today.

The company is said to be setting up a digital asset treasury to manage its XRP reserves. Funding for the treasury will come from a SPAC, a type of public shell company used to raise money for acquisitions or partnerships. Ripple will also contribute Go to Source to See Full Article
Author: Vivian Nguyen