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VivoPower’s Tembo to Accept Ripple’s RLUSD for EV Payments

The move targets faster, cheaper cross-border transfers for customers in regions with limited banking infrastructure.

Overview

  • VivoPower said its Tembo e-LV unit will take RLUSD stablecoin payments from customers and partners for electric vehicles.
  • The company stated that international transfers using RLUSD can settle almost instantly at a fraction of conventional wire costs.
  • Tembo serves buyers in Southeast Asia, Africa, and the Middle East, where traditional banking can be slow and expensive.
  • RLUSD is described as a dollar-pegged Ripple token backed by USD deposits, short-term Treasuries, and other cash equivalents.
  • VivoPower frames the integration within a pivot to an XRP-focused treasury that includes XRP holdings and Ripple Labs equity, with institutional yield programs reported as part of the strategy.