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TechFlow news, October 17 — According to Bloomberg, Ripple Labs Inc. is leading a funding initiative aiming to raise at least $1 billion through a special purpose acquisition company to accumulate XRP. The funds will be held in a new digital asset vault, and Ripple will also contribute some of its own XRP tokens.
According to Bloomberg, Ripple Labs Inc. is leading a funding initiative aiming to raise at least $1 billion through a special purpose acquisition company to accumulate XRP. The funds will be held in a new digital asset treasury, and Ripple will also contribute part of its own XRP tokens.
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