Report Claims Ripple Labs Might Be Looking at Acquiring Celsius; Here's What We Know

Reuters reported that Ripple Labs could potentially buy assets of the defunct cryptocurrency lender Celsius Network, citing a company representative. The post Report Claims Ripple Labs Might Be Looking at Acquiring Celsius; Here's What We Know appeared first on BeInCrypto.

Timeline of Celsius, Xrp

Per a report from news outlet Reuters, payment company Ripple is exploring the possibility of acquiring the assets of bankrupt crypto lender Celsius Network. The purchase might materialize via Ripple Labs, according to a company spokesperson.

It seems that Californian FinTech firm Ripple is considering purchasing the assets of bankrupt crypto lending firm Celsius Network. According to a report published by Reuters earlier today, a company representative told them: “We are interested in learning about Celsius and its assets, and whether any could be relevant to our business.

San Francisco payments firm Ripple is reportedly interested in buying assets from bankrupt crypto lending platform Celsius. According to a report from Reuters, a spokesperson for Ripple said that the company was looking to see if there was any synergy between it and Celsius' assets.

Struggling cryptocurrency lender Celsius has dropped the motion to rehire its former chief financial officer (CFO) Rod Bolger to assist the platform with bankruptcy proceedings in an advisory capacity.

Ripple Labs could be interested in buying the assets of embattled crypto lender Celsius Network, Reuters reported August 10. The post Ripple shows interest in acquiring Celsius appeared first on CryptoSlate.

DR San Francisco-based company Ripple Labs Inc is potentially interested in purchasing assets of bankrupt Crypto Lender: Celsius. Ripple is actively looking for market opportunities to “strategically scale the company,” according to Ripple's spokesperson.

When Celsius paused withdrawals on June 13, 2022, they set into motion a large chain of events. More than a million Celsius customers were immediately denied access to their digital assets.

Ripple Labs, the company behind cryptocurrency XRP, is a potential buyer of Celsius network's assets. According to a Reuters report, the blockchain payments company is interested in Celsius' assets but there is no clarity on the exact plans.

San Francisco-based blockchain payments company Ripple Labs Inc is interested in potentially purchasing assets of bankrupt crypto lender Celsius Network, according to a company spokesperson.

SaaS startup Heirloom raises $8 million to onboard enterprise firms into the Web 3.0 ecosystem using the XRP Ledger.  The post Heirloom raises $8 million from Ripple and Forte to onboard enterprises into web3 appeared first on The Block.