Eat&Beyond acquires 100% equity of Milo Media, planning to participate in the Ripple network to obtain XRP

ChainCatcher news, Canadian listed company Eat & Beyond Global Holdings Inc. announced that it has signed a securities purchase agreement to acquire 100% of the issued shares and 100% of the outstanding warrants of Milo Media Technologies Inc., with the final agreement subject to approval by the Canadian Securities Exchange.

This acquisition will make Eat & Beyond the first Canadian listed company to participate in the XRPL ecosystem, as the company plans to utilize Milo Media's financial infrastructure solutions to engage with the Ripple network to obtain XRP, similar to how Bitcoin miners earn Bitcoin, and strategically position itself in the blockchain financial infrastructure.