Web3 platform Velo Labs has been tweeting positively about XRP and the XRP Ledger, leading to speculation about a possible partnership. Analyst WrathofKahneman has identified several connections between Velo Labs and Ripple, including overlapping business ecosystems and relationships with mutual partners. Additionally, Velo Labs has integrated multiple assets into its ecosystem, which could suggest the use of XRP or RLUSD in the future. However, the recent tweets may also simply be an engagement strategy. In related news, Ripple has been forging partnership agreements with payment infrastructures, such as Mercado Bitcoin, to improve internal treasury operations. XRP is currently trading at $2.19.
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