Gumi Embraces Blockchain for Financial Services: $17 Million XRP Investment

Japanese gaming and blockchain company, Gumi, has taken a significant step forward in its financial strategy by establishing an XRP-based treasury. This move comes after the recent purchase of 2.5 billion yen ($17 million) worth of XRP, marking their dedication to leveraging blockchain technology for financial services. Gumi’s decision to invest heavily in XRP follows a strategic investment in Bitcoin earlier this year, aiming to diversify its holdings and explore new revenue streams.