Confirmo is a leading global stablecoin payment platform; its stablecoin-based on-chain solution integrates seamlessly with off-chain architecture
VivoPower International PLC , the first publicly traded company in the world with an XRP-centric treasury strategy, and Confirmo, the leading global stablecoin payment platform, announced a definitive partnership to power stablecoin-based employee payments. The program is designed to deliver near-instant, lower-cost payouts with enterprise-grade controls and will serve as the foundation for broader treasury and B2B payment use cases.
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Anna Štrébl, Chief Executive Officer of Confirmo, said: “Stablecoins are finally mature enough to operate in the background as real payment infrastructure. Our role in this partnership is to make the crypto disappear, and ensure employees get paid faster, finance teams reconcile cleanly, and VivoPower gains predictable, 24/7 cross-border settlements.”
Under the agreement, VivoPower will provide employees and contractors of its businesses with the choice to use Confirmo’s Payout Solution, which sends payroll and contractor disbursements in stablecoins, with optional conversion to US dollars, Euros, or British pounds. Confirmo will provide role-based approvals, audit trails, and exportable reports to streamline VivoPower’s operations.
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Kevin Chin, Executive Chairman at VivoPower, said: “As with many enterprises that do business globally, including across developing nations, we have experienced first-hand the repeated frustration of delays and high fees with traditional wire transfer-based payments. Our desire to remedy these issues, particularly when they affect payroll, led us to Confirmo. Speed, cost efficiency, and global reach are the reasons we have signed this partnership with them. Confirmo gives us a practical way to modernize payouts without disrupting our finance stack, and they have been responsive to the enterprise controls we need as a public company. This partnership is consistent with our overall digital asset strategy, which goes beyond buying and holding XRP, but also seeks to utilize blockchain technology across our businesses.”
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VivoPower recently announced that it would be accepting RLUSD, Ripple’s stablecoin for transactions between suppliers and customers. Beyond payroll, VivoPower and Confirmo will explore adjacent use cases where stablecoins, including RLUSD can reduce friction compared to traditional payment rails.
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Source : businesswire