• Coins MarketCap
    • Coins MarketCap
    • Crypto Calculator
    • Top Gainers and Loser of the day
  • Crypto Exchanges
  • Bitcoin News
  • Crypto News
    • Cryptocurrency
    • Blockchain
    • Finance
    • Investing
    • View all latest Updates regarding crypto
Monday, October 6, 2025
WIREOPEDIA
No Result
View All Result
Contribute!
CONTACT US
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
WIREOPEDIA
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
No Result
View All Result
WIREOPEDIA
No Result
View All Result
Home Blockchain

Japan-based Gumi commits $17M to XRP amid expansion into global payment networks

by wireopedia memeber
August 29, 2025
in Blockchain, Crypto, Crypto Market, Cryptocurrency, Finance, Investing, Market
0
Japan-based Gumi commits $17M to XRP amid expansion into global payment networks
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Tokyo-based game developer Gumi Inc. is stepping deeper into digital assets with plans to acquire 2.5 billion yen (equivalent to $17 million) worth of XRP, according to an Aug. 29 announcement.

You might also like

Aldi and John Lewis partner Virtualstock in sale to US rival

A DAT Tied to Tokenized Gold? Report Says Tether May Start One That Stashes XAUT

Can Solana outperform Ether if ETFs get approved?

The purchase will be spread across five months from September 2025 through February 2026.

According to the firm, the move is designed to give Gumi more than simple exposure to cryptocurrency prices. It noted that XRP’s role in global remittance and liquidity services makes it a strategic entry point for expanding revenue streams in finance.

A translated version of its statement reads:

“Our decision to newly acquire XRP this time is not simply in anticipation of price increases, but is a strategic initiative to participate in the XRP ecosystem, which is at the core of the international remittance and liquidity network, and directly link this to expanding revenue opportunities in the financial sector.”

Notably, this step follows a smaller allocation to Bitcoin earlier in the year. In the first half of 2025, Gumi purchased 1 billion yen (about $6.8 million) in BTC and staked it using Babylon.

Gumi was founded in 2007 and is best known for games like Brave Frontier. Since its 2014 listing on the Tokyo Stock Exchange, it has expanded into blockchain through its venture arm, gumi Cryptos Capital, which backs early-stage startups in the sector.

According to Yahoo Finance data, Gumi’s shares were down more than 2% to 603 yen (over $4) as of the market close.

Dual-prong approach

Gumi’s management stated that it intends to build its blockchain business around two core digital assets: Bitcoin and XRP.

The firm said Bitcoin is a universal store of value that is suitable for staking income and long-term appreciation. XRP, in contrast, is viewed as an operational asset tied to financial infrastructure, capable of driving profitability by connecting the company directly to payment rails and liquidity networks.

According to the company, combining BTC and XRP as strategic “pillars” will create a durable base for its blockchain operations and, ultimately, for long-term corporate growth.

The post Japan-based Gumi commits $17M to XRP amid expansion into global payment networks appeared first on CryptoSlate.

Read Entire Article
Tags: BlockchainCoin SurgesCryptocurrenciesCryptoslateMarket StoriesTrading
Share30Tweet19

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Ethereum Price Prediction: Extremely Strong Support And Monthly 55 EMA Says ETH Is Headed For $4,867

February 21, 2025
Ether ETFs Buck the Trend: How Much Did They Pull in While Bitcoin ETFs Struggled?

Ether ETFs Buck the Trend: How Much Did They Pull in While Bitcoin ETFs Struggled?

October 11, 2024
Teenager charged with murder after deaths of woman and two children

Teenager charged with murder after deaths of woman and two children

September 14, 2024

Browse by Category

  • Blockchain
  • Breaking News
  • Business
  • Crypto
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Finance
  • Health Care
  • Investing
  • Market
  • Politics
  • Strange
  • Technology
  • UK News
  • US News
  • World
WIREOPEDIA

Wireopedia is an automated news feed. The Wireopedia AI pulls from sources with different views so you can see the various sides of different arguments and make a decision for yourself. Wireopedia will be firmly committed to the public interest and democratic values.

Privacy Policy     Terms and Conditions

CATEGORIES

  • Blockchain
  • Breaking News
  • Business
  • Crypto
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Finance
  • Health Care
  • Investing
  • Market
  • Politics
  • Strange
  • Technology
  • UK News
  • US News
  • World

BROWSE BY TAG

Bitcoin Bitcoinist Bitcoinmagazine Blockchain Breaking News Business BuzzFeed Celebrity News Coin Surges Cointelegraph Cryptocurrencies Cryptoslate Defense Entertainment Health Care insidebitcoins Market Stories newsbtc Politico Skynews Strange Technology Trading UK US World

RECENT POSTS

  • First-year doctors in England vote to strike amid job security fears and row over pay
  • CDC endorses vaccine panel changes to Covid, MMRV shot recommendations
  • Aldi and John Lewis partner Virtualstock in sale to US rival
  • A DAT Tied to Tokenized Gold? Report Says Tether May Start One That Stashes XAUT
  • Can Solana outperform Ether if ETFs get approved?

© 2024 WIREOPEDIA - All right reserved.

No Result
View All Result
  • Home
  • Breaking News
  • World
  • UK
  • US
  • Entertainment
  • Business
  • Technology
  • Defense
  • Health Care
  • Politics
  • Strange
  • Crypto News
  • Contribute!

© 2024 WIREOPEDIA - All right reserved.

  • bitcoinBitcoin(BTC)$125,069.001.86%
  • ethereumEthereum(ETH)$4,672.823.19%
  • rippleXRP(XRP)$3.030.72%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$1,222.615.51%
  • solanaSolana(SOL)$236.022.61%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2676014.53%
  • staked-etherLido Staked Ether(STETH)$4,670.093.15%
  • tronTRON(TRX)$0.3457551.00%
  • cardanoCardano(ADA)$0.882.52%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$125,069.001.91%
  • chainlinkChainlink(LINK)$22.912.09%
  • stellarStellar(XLM)$0.4117333.13%
  • avalanche-2Avalanche(AVAX)$30.851.95%
  • bitcoin-cashBitcoin Cash(BCH)$600.220.63%
  • litecoinLitecoin(LTC)$120.710.81%
  • shiba-inuShiba Inu(SHIB)$0.0000132.05%
  • crypto-com-chainCronos(CRO)$0.2121931.61%
  • polkadotPolkadot(DOT)$4.393.59%
  • uniswapUniswap(UNI)$8.392.30%
  • okbOKB(OKB)$226.102.93%
  • daiDai(DAI)$1.000.02%
  • nearNEAR Protocol(NEAR)$3.071.40%
  • vechainVeChain(VET)$0.0237231.83%
  • algorandAlgorand(ALGO)$0.2297232.90%
  • cosmosCosmos Hub(ATOM)$4.261.09%
  • filecoinFilecoin(FIL)$2.422.33%
  • elrond-erd-2MultiversX(EGLD)$14.101.60%
  • axie-infinityAxie Infinity(AXS)$2.260.76%