VivoPower’s Tembo to Accept Bitcoin ($BTC), Ripple ($XRP), and Dogecoin ($DOGE) for payments from customers and partners
VivoPower International (Nasdaq: VVPR) announced that its subsidiary, Tembo e-LV, will begin accepting Bitcoin (BTC), Ripple (XRP), and Dogecoin (DOGE) as payment methods for deposits and orders. Operating across Asia, the Middle East, Africa, Oceania, Europe, and North America, Tembo aims to provide customers and partners with enhanced payment flexibility while potentially improving its working capital cycle through instantaneous settlements.
The company plans to incorporate these digital assets into its corporate treasury management strategy, with the possibility of holding reserves in these cryptocurrencies subject to market assessments and risk management considerations. VivoPower has implemented a secure payment architecture to ensure compliant digital currency transactions.
VivoPower International (Nasdaq: VVPR) ha annunciato che la sua filiale, Tembo e-LV, inizierà ad accettare Bitcoin (BTC), Ripple (XRP) e Dogecoin (DOGE) come metodi di pagamento per depositi e ordini. Operando in Asia, Medio Oriente, Africa, Oceania, Europa e Nord America, Tembo mira a fornire ai clienti e ai partner una maggiore flessibilità nei pagamenti, migliorando potenzialmente il ciclo di capitale circolante attraverso transazioni istantanee.
La società prevede di integrare questi asset digitali nella sua strategia di gestione del tesoro aziendale, con la possibilità di mantenere riserve in queste criptovalute, soggette a valutazioni di mercato e considerazioni di gestione del rischio. VivoPower ha implementato un'architettura di pagamento sicura per garantire transazioni di valuta digitale conformi.
VivoPower International (Nasdaq: VVPR) anunció que su filial, Tembo e-LV, comenzará a aceptar Bitcoin (BTC), Ripple (XRP) y Dogecoin (DOGE) como métodos de pago para depósitos y pedidos. Operando en Asia, Medio Oriente, África, Oceanía, Europa y América del Norte, Tembo tiene como objetivo proporcionar a los clientes y socios una mayor flexibilidad en los pagos, mejorando potencialmente su ciclo de capital de trabajo a través de liquidaciones instantáneas.
La empresa planea incorporar estos activos digitales en su estrategia de gestión del tesorería corporativa, con la posibilidad de mantener reservas en estas criptomonedas, sujeto a evaluaciones de mercado y consideraciones de gestión de riesgos. VivoPower ha implementado una arquitectura de pago segura para garantizar transacciones de moneda digital conformes.
비보파워 인터내셔널 (Nasdaq: VVPR)은 자회사인 템보 e-LV가 비트코인 (BTC), 리플 (XRP), 도지코인 (DOGE)을 보증금 및 주문의 결제 방법으로 받아들일 것이라고 발표했습니다. 아시아, 중동, 아프리카, 오세아니아, 유럽, 북미 전역에서 운영되는 템보는 고객과 파트너에게 개선된 결제 유연성을 제공하고, 즉각적인 정산을 통해 운영 자본 주기를 개선할 수 있는 가능성을 추구하고 있습니다.
회사는 이러한 디지털 자산을 기업 재무 관리 전략에 통합할 계획이며, 시장 평가 및 위험 관리 고려 사항에 따라 이러한 암호 화폐로 보유할 수 있는 여지도 있습니다. 비보파워는 디지털 통화 거래의 준수를 보장하기 위해 안전한 결제 아키텍처를 구현했습니다.
VivoPower International (Nasdaq: VVPR) a annoncé que sa filiale, Tembo e-LV, commencera à accepter Bitcoin (BTC), Ripple (XRP) et Dogecoin (DOGE) comme méthodes de paiement pour les dépôts et les commandes. Opérant en Asie, au Moyen-Orient, en Afrique, en Océanie, en Europe et en Amérique du Nord, Tembo vise à offrir aux clients et partenaires une flexibilité de paiement accrue tout en améliorant potentiellement son cycle de fonds de roulement grâce à des règlements instantanés.
L'entreprise prévoit d'intégrer ces actifs numériques dans sa stratégie de gestion de trésorerie d'entreprise, avec la possibilité de conserver des réserves dans ces cryptomonnaies, sous réserve d'évaluations du marché et de considérations de gestion des risques. VivoPower a mis en place une architecture de paiement sécurisée pour garantir des transactions de monnaie numérique conformes.
VivoPower International (Nasdaq: VVPR) hat angekündigt, dass ihre Tochtergesellschaft, Tembo e-LV, Bitcoin (BTC), Ripple (XRP) und Dogecoin (DOGE) als Zahlungsmethoden für Anzahlungen und Bestellungen akzeptieren wird. Tembo, das in Asien, dem Nahen Osten, Afrika, Ozeanien, Europa und Nordamerika tätig ist, zielt darauf ab, seinen Kunden und Partnern mehr Flexibilität bei Zahlungen zu bieten und den Working-Capital-Zyklus durch sofortige Abrechnungen potenziell zu verbessern.
Das Unternehmen plant, diese digitalen Vermögenswerte in seine Unternehmensschatzverwaltungstrategie zu integrieren und hat die Möglichkeit, Reserven in diesen Kryptowährungen zu halten, vorbehaltlich von Marktbewertungen und Risikomanagementüberlegungen. VivoPower hat eine sichere Zahlungsarchitektur implementiert, um die Konformität von Transaktionen mit digitaler Währung sicherzustellen.
- Potential improvement in working capital cycle through instant cryptocurrency settlements
- Expanded payment options for international customers and partners
- Strategic diversification of corporate treasury through cryptocurrency holdings
- Exposure to cryptocurrency market volatility risks
- Potential regulatory compliance challenges across multiple jurisdictions
Insights
The decision by VivoPower's Tembo to accept cryptocurrency payments marks a significant but risky strategic pivot that warrants careful scrutiny. While the move could potentially streamline international payments across Tembo's diverse geographical operations (Asia, Middle East, Africa, Oceania, Europe and North America), the selection of cryptocurrencies raises important considerations.
The inclusion of Bitcoin as a payment option is relatively standard for corporate crypto adoption, but the choice of Dogecoin - a cryptocurrency known for its volatility and meme status - introduces substantial treasury management risks. This unusual selection suggests the company may be prioritizing marketing appeal over stability in its digital asset strategy.
The instant settlement benefit highlighted by VivoPower could indeed improve working capital efficiency by reducing payment delays in international transactions. However, this advantage must be weighed against significant challenges:
- Regulatory compliance across multiple jurisdictions, particularly in regions with evolving crypto regulations
- Exposure to extreme price volatility, especially with Dogecoin
- Potential accounting complexities due to cryptocurrency holdings in corporate treasury
- Tax implications varying by jurisdiction
For a company with a market capitalization of just
While the initiative might position VivoPower as an innovative player in the e-vehicle sector, the execution strategy appears to prioritize headline-grabbing potential over prudent treasury management. Investors should monitor the actual adoption rates of these payment options and any subsequent impact on the company's financial statements.
Tembo operates across international markets, including Asia, the Middle East, Africa, Oceania, Europe and North America
Increasing adoption of digital assets and currencies across these markets enables Tembo to provide these payment options, with potential benefits to its working capital cycle
LONDON, Jan. 31, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or the "Company") announced today that its subsidiary, Tembo e-LV will commence accepting payments for deposits and orders in Bitcoin (BTC), Ripple (XRP), and Dogecoin (DOGE).
The primary rationale is to provide customers and partners with added flexibility as to how to pay Tembo for goods and services provided. With instantaneous settlement, it has the potential to shorten the working capital cycle for the Company.
VivoPower will incorporate these selected digital assets into its corporate treasury management strategy. The Company’s treasury may elect hold a portion of its reserves in Bitcoin, XRP, and/or Dogecoin, subject to ongoing market assessments and risk management considerations.
VivoPower remains committed to ensuring secure and compliant digital currency transactions and has established a payment architecture that enables this.
About VivoPower
Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focussed on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.
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FAQ
Which cryptocurrencies will VivoPower (VVPR) accept for payments?
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