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Crypto

Musk silence on XRP draws attention as X Money rollout gains pace

As X, formerly Twitter, moves closer to launching its X Money digital payments service, interest is rising in why Elon Musk does not publicly mention XRP. A crypto outlet reported that X Money is built on bank infrastructure for U.S. dollar payments, with customer funds held at FDIC-insured Cross River Bank. Some XRP supporters point to Cross River’s past use of Ripple technology, while others cite regulatory risk.

Industry

E-Mart, Shinsegae Food to swap shares to resolve duplicate listing issue

E-Mart has launched procedures for a comprehensive share swap to bring Shinsegae Food under full ownership. Shinsegae Food would proceed toward delisting after steps to secure remaining shares and shift to an unlisted company. The share swap ratio is 0.5031313 Shinsegae Food shares per E-Mart share, with E-Mart paying using treasury stock. The contract signing is set for March 11 and the swap date for June 8.

Games & Commerce

Shift Up to cancel 330,000 treasury shares, buy 20 billion won worth

Shift Up will implement shareholder return measures including a treasury share cancellation and a buyback to enhance shareholder value. The company decided to cancel 330,000 previously acquired shares, worth about 10.13 billion won, on March 31. It will also buy 20 billion won worth of shares via NH Investment & Securities from March 11 to Sept. 10. It expects to acquire 651,465 shares, based on 30,700 won, and plans to cancel 320,000 of them within the year.