Ripple USD Accepted for VivoPower Vehicles

VivoPower’s Tembo Accepts RLUSD Stablecoin for EV Payments

• VivoPower subsidiary Tembo e-LV will accept Ripple’s RLUSD stablecoin for electric vehicle purchases.
• RLUSD is a dollar-pegged stablecoin backed by USD deposits, short-term Treasuries, and other cash equivalents.
• The integration of RLUSD offers faster and lower-cost international transactions compared to traditional wire transfers.
• Tembo targets markets in Southeast Asia, Africa, and the Middle East to overcome traditional banking limitations.
• The initiative aligns with VivoPower’s shift towards becoming an XRP-focused digital asset enterprise.

VivoPower International PLC’s Tembo e-LV now accepts RLUSD stablecoin payments, enhancing transaction speed and reducing costs. This move supports VivoPower’s strategy to pivot towards an XRP-focused digital asset business model.