XRP On Growth Path As Ripple Considers Purchasing Assets Of Cash-Strapped Firm Celsius

Por ZyCrypto - hai 1 ano - Tempo de lectura: 2 minutos

XRP On Growth Path As Ripple Considers Purchasing Assets Of Cash-Strapped Firm Celsius

Ripple, the blockchain payments company behind the XRP cryptocurrency, is reportedly considering acquiring assets belonging to beleaguered crypto lending firm Celsius.

According to a Reuters report, a spokesperson from Ripple disclosed that the firm was “interested in learning about Celsius and its assets,” in addition to assessing whether any of them could be relevant to their business. The move was informed by Ripple’s continued growth and desire to expand its business despite the hurdles facing the crypto market at large. Ripple "está a buscar activamente oportunidades de fusións e adquisicións para escalar estratexicamente a empresa". dixo o voceiro.

O movemento chega despois de Celsius presentado por bancarrota en xuño, citando "condicións extremas do mercado" e recoñecendo un buraco de 1.2 millóns de dólares no seu balance. Non obstante, Celsius mostrouse aberto a ofertas de compra aínda que explora vías de rescate para os acredores que estiveron presionando contra el.

The June chapter 11 bankruptcy filings disclosed that Celcius holds a variety of possessions including digital assets held in custody accounts, loans, the company’s own CEL token, Bank cash and a bitcoin mining business. Last week, Ripple lawyers made an application seeking to be enjoined in the bankruptcy proceedings despite not being a major creditor for Celcius.

Aínda Ripple has not done any major acquisition deals previously, some pundits believe Celsius’s attractive legal background could be the key reason for Ripple’s increased interest in the firm, especially given its rifa coa Comisión de Bolsa de Valores.

"Nos sabemos Ripple is trying to buy Celsius. Why? Celsius marketed itself as a type of crypto bank,” Lisa Daly, directora de produtos dixitais en BlackRock, dixo: "A rede Celsius é unha plataforma de préstamo regulada e conforme á SEC que permite aos usuarios recibir intereses sobre as criptomonedas depositadas ou contratar préstamos con garantía criptográfica".

Fundada en 2017 polo CEO Alex Mashinsky, Celsius creceu rapidamente debido ás súas atractivas taxas de interese para os usuarios que valoraron 3.5 millóns de dólares o ano pasado. Non obstante, a empresa viuse atrapada nunha crise de liquidez coa depreciación da maioría dos seus activos criptográficos xunto co amplo mercado criptográfico, a pesar de que os tipos de interese da débeda permanecen elevados. A mala xestión financeira e a tormenta de implosión de moedas estables inducida por Terra, que causou perdas xeneralizadas a varios actores destacados da industria, máis tarde poñerían de xeonllos a Celsius. 

That said, while a favourable outcome could come out of Ripple’s quest, it is unclear if the firm seeks to acquire Celsius altogether. In June, a source revealed that FTX “was interested in making a deal with Celsius but walked away” because of the irredeemable state of its finances, instead settling on BlockFi.

Orixe orixinal: ZyCrypto