Vivopower is all-in on blockchain payroll and XRP-powered Treasury rails, leveraging Condileo’s Stablecoin Tech to eliminate global payments, cost reductions, and wire delays.
vivopower Taps Condieno to Power Stablecoin Payroll and Global B2B Payments
Vivopower International PLC (NASDAQ: VVPR) announced on September 18 that it has partnered with Condido, the global Stablecoin Payment Platform, to introduce blockchain-based pay and vendor payments. The company explained:
The program is designed to offer nearby low-cost payments with enterprise-grade controls and serves as the basis for a wider Treasury and B2B payment use case.
Employees and contractors have the option to be paid in stubcoin with the ability to convert to US dollars, euros, or British pounds, while Condifo’s system provides audit trails, role-based approvals, and reporting to support financial surveillance.
Commando CEO Annaštrebl highlighted the role of digital assets in streamlining operations, saying: Kevin Chin, executive chairman of Vivopower, linked the initiative to the company’s Digital Treasury roadmap.
This partnership is consistent with the entire digital asset strategy that goes beyond purchasing and retaining XRP, but it seeks to leverage blockchain technology across our business.
He highlighted that the inefficiency of traditional wire transfers, particularly delays and high fees, created a strong need for a modernised settlement process.
The collaboration will also extend to Ministry of Finance and B2B transactions, including the use of RLUSD, a RIPPLE Stablecoin, for supplier and customer settlement. Vivopower combines its strategy with an XRP-centric financial model, contributing to the XRP ledger (XRPL) ecosystem through decentralized financial and real-world blockchain applications. Its subsidiaries Tembo and Caret Digital are also pursuing blockchain integration to complement their focus on sustainability-driven solutions. Condieno processes over $60 million in monthly payments for 500 clients around the world, adding an infrastructure that supports Vivopower’s shift to efficient and cost-effective international payments. While digital assets face scrutiny about regulatory and market risks, Stablecoins and XRP-related applications offer businesses a practical alternative to legacy financial rails.
