🚘 RLUSD Powers EV Payments — XRP Ecosystem Just Got a Boost
Stuart Crown
Updated at: 5 hours ago
{"content":"🚘 RLUSD Powers EV Payments — XRP Ecosystem Just Got a Boost
Tembo, VivoPower International's electric-vehicle business, will accept Ripple USD (RLUSD) for payments, which might transform how the company conducts cross-border agreements, a news statement said.
The stablecoin will speed up payments and save bank transfer costs, according to the business.
For global payments, Tembo adopts RLUSD
Tembo supports mining, agricultural, military, construction, and humanitarian customers. Many of these consumers live in poor countries with delayed and expensive bank transfers.
RLUSD can transport wealth across borders quickly and cheaply, according to reports. That was VivoPower's key motivation for changing.
Vehicles and nearby services
Tembo makes robust off-road and on-road electric utility vehicles. The fleet targets jobs that value dependability above style.
Along with automobiles, charging, finance, battery swaps, and microgrids are available. These services may now be paid for in RLUSD, making transactions easier for local vendors and foreign customers.
RLUSD's market worth increased 10-fold since January, according to reports. Through partnerships with Chipper Cash, Yellow Card, and VARL, Ripple has expanded RLUSD's scope. It has entered Aave's Horizon RWA market.
Cross-border commerce enterprises are watching such changes. In Africa, Southeast Asia, and the Middle East, adoption is rising.
VivoPower has said that this is a multi-payment option. The business says it is becoming an XRP-focused digital asset organization.
Corporate portfolio additions include XRP and Ripple Labs equities. Treasury has some of such assets.
Decentralised banking infrastructure and Tembo-related blockchain use cases are proposed for other sections.
Market experts say RLUSD's linkages to institutional sponsors like Doppler Finance reflect liquidity management and corporate treasury planning beyond payments.
If so, the stablecoin might connect fiat railroads and DeFi tools in poor financial areas.
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