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

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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 "sedang aktif mencari peluang M&A untuk skala strategik syarikat,” kata jurucakap itu.

Langkah itu berlaku selepas Celsius memfailkan kebankrapan pada bulan Jun, memetik "keadaan pasaran yang melampau" dan mengakui lubang $1.2 bilion dalam kunci kira-kiranya. Celsius bagaimanapun terbuka untuk tawaran belian walaupun ia meneroka laluan penyelamat untuk pemiutang yang telah meningkatkan tekanan terhadapnya.

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.

Walaupun 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 pergelutan dengan Suruhanjaya Bursa Sekuriti.

"Kita tahu Ripple is trying to buy Celsius. Why? Celsius marketed itself as a type of crypto bank,” Kata Lisa Daly Pengurus Produk Digital di BlackRock, “Rangkaian Celcius ialah platform pemberian pinjaman “patuh SEC” yang dikawal selia yang membolehkan pengguna menerima faedah ke atas crypto yang didepositkan atau mengambil pinjaman bercagar crypto.

Diasaskan pada 2017 oleh Ketua Pegawai Eksekutif Alex Mashinsky, Celsius telah berkembang dengan pantas disebabkan kadar faedahnya yang menarik kepada pengguna yang menggunakan penilaian $3.5 bilion tahun lepas. Syarikat itu, bagaimanapun mendapati dirinya terperangkap dalam krisis kecairan dengan kebanyakan aset kriptonya susut nilai di samping pasaran kripto yang luas, walaupun kadar faedah hutangnya kekal tinggi. Salah urus kewangan dan ribut letupan stablecoin yang disebabkan oleh Terra, yang menyebabkan kerugian meluas bagi beberapa pemain industri terkemuka, kemudiannya akan menjatuhkan 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.

Sumber asal: ZyCrypto