Vivopower migrates entire payroll system to XRP blockchain, partners with Confirmo to cut international payment times and transaction fees by 90%.
As businesses look for more efficient payment solutions, Vivopower International Plc (Nasdaq: VVPR) announced a major breakthrough on September 18. The renewable energy company announced a strategic partnership with Confirmo, a leading stablecoin payment platform, to implement a payroll and supplier payment system entirely based on blockchain technology.
The partnership marks a fundamental shift in how Vivopower manages its global cash flow. Instead of relying on the traditional banking system, which can take 3-5 business days to process, the company’s employees and contractors will receive near-instant payments via stablecoins. The new system allows for flexible conversions to USD, Euro or Pound, meeting the diverse needs of its international workforce.
Confirmo CEO Anna Štrébl emphasized the importance of this technology in modernizing corporate financial infrastructure. She said that stablecoins are mature enough to function as a real payment system, eliminating traditional barriers of time and geography. In particular, the 24/7 operation of blockchain will help Vivopower achieve cross-border payment efficiency that the traditional banking system cannot provide.
XRP -Centric Treasury Strategy
The move is not just about improving payroll processes, but is part of Vivopower’s overall digital treasury strategy. Executive Chairman Kevin Chin revealed that the company is building an XRP -centric treasury model that will harness the full potential of blockchain technology in its business operations. This expansion will include integrating Ripple’s stablecoin, RLUSD, into B2B transactions and supplier payments.
Confirmo, which volume for 500 global customers, provides Vivopower with a tested and optimized infrastructure. The platform offers a full suite of enterprise-grade controls, including audit trails, Vai based approvals, and detailed reporting, ensuring compliance with stringent financial management requirements.
Vivopower subsidiaries such as Tembo and Caret Digital are also actively integrating blockchain technology, creating a comprehensive ecosystem that supports sustainable solutions. The widespread adoption of XRP Ledger technology across the group demonstrates Vivopower’s long-term commitment to modernizing its financial infrastructure.
While the digital asset market still faces regulatory challenges and volatility, the practical application of stablecoins in corporate payments is proving the value of blockchain technology. Vivopower’s initiative could become a pioneering model for other businesses in transitioning to more efficient and cost-effective payment systems.
