Vivopower goes all-in on blockchain payrolls and XRP-powered treasury rails, leveraging Confirmo’s stablecoin tech to streamline world funds, slash prices, and remove wire delays.
Vivopower Faucets Confirmo to Energy Stablecoin Payroll and World B2B Funds
Vivopower Worldwide Plc (Nasdaq: VVPR) introduced on Sept. 18 that it has partnered with Confirmo, a world stablecoin cost platform, to introduce blockchain-based payroll and vendor funds. The businesses defined:
This system is designed to ship near-instant, lower-cost payouts with enterprise-grade controls and can function the inspiration for broader treasury and B2B cost use circumstances.
Staff and contractors could have the choice to be paid in stablecoins with the power to transform into U.S. {dollars}, euros, or British kilos, whereas Confirmo’s system will present audit trails, role-based approvals, and reporting to help monetary oversight.
Confirmo’s chief govt officer, Anna Štrébl, harassed the function of digital property in streamlining operations, stating: “Stablecoins are lastly mature sufficient to function within the background as actual cost infrastructure. Our function on this partnership is to make the crypto disappear, and guarantee staff receives a commission sooner, finance groups reconcile cleanly, and Vivopower features predictable, 24/7 cross-border settlements.” Vivopower’s govt chairman, Kevin Chin, linked the initiative to the corporate’s digital treasury roadmap:
This partnership is per our general digital asset technique, which works past shopping for and holding XRP, but in addition seeks to make the most of blockchain expertise throughout our companies.
He emphasised that inefficiencies in conventional wire transfers—particularly delays and excessive charges—had created a powerful want for modernized settlement processes.
The collaboration can even lengthen into treasury and B2B transactions, together with the usage of RLUSD, Ripple’s stablecoin, for provider and buyer settlements. Vivopower has tied its technique to an XRP-centric treasury mannequin whereas contributing to the XRP Ledger (XRPL) ecosystem by decentralized finance and real-world blockchain purposes. Its subsidiaries, Tembo and Caret Digital, are additionally pursuing blockchain integration to enrich their concentrate on sustainability-driven options. Confirmo, processing greater than $60 million in month-to-month funds for 500 shoppers globally, provides infrastructure that helps Vivopower’s shift towards environment friendly, cost-effective worldwide funds. Though digital property face scrutiny over regulatory and market dangers, stablecoins and XRP-linked purposes present enterprises with sensible alternate options to legacy monetary rails.
