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VivoPower's Tembo to Accept Bitcoin ($BTC), Ripple ($XRP), and Dogecoin ($DOGE) for payments from customers and partners
VVPRVivoPower(VVPR) Newsfilter·2025-01-31 14:30

Core Insights - VivoPower International PLC's subsidiary, Tembo e-LV, will start accepting payments in Bitcoin, Ripple, and Dogecoin, enhancing payment flexibility for customers and partners [1][2] - The adoption of digital assets is expected to improve the company's working capital cycle through instantaneous settlement [2] - VivoPower plans to integrate these digital currencies into its corporate treasury management strategy, potentially holding reserves in these assets [3] Company Overview - VivoPower, established in 2014 and listed on Nasdaq since 2016, focuses on sustainable energy solutions, particularly electric solutions for customized fleet applications [4] - The company aims to provide turnkey decarbonization solutions to help customers achieve net-zero carbon status, with operations in multiple countries including Australia, Canada, and the United States [4]