OMG, Greg Kidd Just Bought a Company for $100M and Renamed It USBC-Here’s Why You Should Care 🤯

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So, picture this: Greg Kidd, the former Chief Revenue Officer of Ripple (you know, the guy who probably has Bitcoin stuffed under his mattress), just dropped $100 million on Know Labs. Yes, you heard that right. One hundred million dollars. In cash AND Bitcoin. Because why not? 🤑💸

Know Labs Is Now USBC-Because Acronyms Are So Hot Right Now 🔥

Apparently, after shelling out 1,000 Bitcoin (casual) and $15 million in cold, hard cash, Greg decided the company needed a glow-up. Enter: USBC. Catchy, right? The name change officially happened on August 15, and now their stock ticker is switching from KNW to USBC. Very sleek. Very corporate. Very “I’m-about-to-change-the-world” energy. 🌍✨

Greg said something like, “The USBC token is an inclusive, compliant, and programmable digital dollar.” Translation: it’s like Monopoly money, but real. And fancy. 💸

He also added, “We believe this approach delivers a new standard for trust and utility in digital money.” Spoiler alert: he’s basically saying, “We’re here to make your wallet smarter and your life easier.” Or at least, that’s what we *think* he means. 🤷‍♀️

Oh, and fun fact: Greg now owns 81% of the company. That’s right-he didn’t just buy it; he BOUGHT IT. With capital letters. The USBC token is supposed to be some kind of blockchain-based digital dollar, which sounds like the plot of a sci-fi movie where everyone starts paying for coffee with emojis. ☕📲

New Leadership Team Assembles Like Avengers 🦸‍♂️🦸‍♀️

  • Linda Jenkinson is now Vice Chair of the Board. Congrats, Linda! Someone get her a cape. 🎉
  • Ron Erickson, the OG founder of Know Labs, gets to stay in the game as President of a shiny new division. His job? Visionary guidance and strategic oversight. Basically, he’s the Gandalf of this operation. 🧙‍♂️
  • Kirk Chapman is the new Chief Operating Officer. Kirk, if you’re reading this, please don’t let the pressure get to you. We believe in you. 👏
  • Kitty Payne is stepping into the CFO role, ready to lead the charge on the company’s bold new vision. Kitty, you’re officially the Beyoncé of finance now. Bow down. 🐱👑

These fearless leaders will be backed by a team of tech and finance veterans who’ve been working on this project longer than most of us have had streaming subscriptions. Respect. 🙏 The company’s shares will keep trading on the NYSE American, but now under the shiny new name USBC, Inc. (NYSE American: USBC). Same CUSIP number, though, because apparently, some things never change. 😴

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FAQs (Because We Know You Have Questions) 🤔

What is the USBC token?

It’s like a digital dollar but fancier. Think of it as the VIP version of cash-programmable, compliant, and ready to take over the world. 🌟

Who acquired Know Labs?

Greg Kidd, aka the former Ripple CRO, via his company Goldeneye 1995 LLC. He paid $100 million (including 1,000 BTC) and now owns 81% of the company. Casual. 😎

What is Greg Kidd’s role in USBC?

CEO and Chairman. Basically, he’s the captain of this blockchain ship, steering it toward a future where digital dollars rule supreme. 🚢

How is USBC different from stablecoins?

Stablecoins are like the rebellious teenagers of crypto, while USBC is the responsible adult with a suit and tie. It’s designed for institutions and long-term value creation. Fancy, right? 👔💎

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2025-08-08 17:05