VivoPower Partners with Confirmo to Offer Stablecoin Payments to its Employees and Vendors

Core Insights - VivoPower International PLC has partnered with Confirmo to implement a stablecoin-based payment system for employee compensation, aiming for faster and lower-cost payouts [1][2][3] - The partnership aligns with VivoPower's digital asset strategy, which includes the use of blockchain technology beyond merely holding XRP [3][5] Company Overview - VivoPower is a sustainability-driven enterprise focused on digital treasury transformation, with a strategy centered on acquiring and managing XRP digital assets [5][6] - Confirmo, founded in 2014, serves over 500 clients and processes more than $60 million monthly, providing a stablecoin payment platform for various industries [4] Partnership Details - The partnership will allow VivoPower employees and contractors to receive payments in stablecoins, with options for conversion to fiat currencies like USD, EUR, or GBP [2][3] - Confirmo will enhance VivoPower's operational efficiency by providing role-based approvals, audit trails, and exportable reports [2] Industry Context - The collaboration addresses common issues faced by global enterprises, such as delays and high fees associated with traditional wire transfers, particularly in payroll [3] - The use of stablecoins is positioned as a mature solution for payment infrastructure, facilitating predictable and efficient cross-border settlements [2]