Vivopower is going all-in on blockchain payrolls and XRP-powered treasury rails, leveraging Confirmo’s stablecoin tech to streamline global payments, slash costs, and eliminate wire delays.
Vivopower Taps Confirmo to Power Stablecoin Payroll and Global B2B Payments
Vivopower International Plc (Nasdaq: VVPR) announced on Sept. 18 that it has partnered with Confirmo, a global stablecoin payment platform, to introduce blockchain-based payroll and vendor payments. The companies explained:
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.
Employees and contractors will have the option to be paid in stablecoins with the ability to convert into U.S. dollars, euros, or British pounds, while Confirmo’s system will provide audit trails, role-based approvals, and reporting to support financial oversight.
Confirmo’s chief executive officer, Anna Štrébl, stressed the role of digital assets in streamlining operations, stating: “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.” Vivopower’s executive chairman, Kevin Chin, linked the initiative to the company’s digital treasury roadmap:
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.
He emphasized that inefficiencies in traditional wire transfers—especially delays and high fees—had created a strong need for modernized settlement processes.
The collaboration will also extend into treasury and B2B transactions, including the use of RLUSD, Ripple’s stablecoin, for supplier and customer settlements. Vivopower has tied its strategy to an XRP-centric treasury model while contributing to the XRP Ledger (XRPL) ecosystem through decentralized finance and real-world blockchain applications. Its subsidiaries, Tembo and Caret Digital, are also pursuing blockchain integration to complement their focus on sustainability-driven solutions. Confirmo, processing more than $60 million in monthly payments for 500 clients globally, adds infrastructure that supports Vivopower’s shift toward efficient, cost-effective international payments. Although digital assets face scrutiny over regulatory and market risks, stablecoins and XRP-linked applications provide enterprises with practical alternatives to legacy financial rails.