Tembo e-LV will accept Bitcoin, Ripple, and Dogecoin payments, enhancing customer flexibility and potentially improving working capital.
Quiver AI Summary
VivoPower International PLC announced that its subsidiary, Tembo e-LV, will begin accepting payments in Bitcoin, Ripple, and Dogecoin for deposits and orders. This move aims to enhance customer payment flexibility and has the potential to improve the company's working capital cycle due to the immediacy of digital currency transactions. VivoPower plans to incorporate these cryptocurrencies into its treasury management strategy, which may include holding reserves in these digital assets, depending on market conditions and risk management decisions. The company emphasizes its commitment to secure and compliant digital transactions and operates in various international markets, focusing on sustainable energy solutions.
Potential Positives
- Tembo will accept payments in Bitcoin, Ripple, and Dogecoin, providing customers with added flexibility in payment options.
- The incorporation of digital assets into the treasury management strategy could enhance working capital efficiency through potential instantaneous settlements.
- This move signals VivoPower's commitment to adapting to emerging trends in digital assets, positioning the company as a forward-thinking leader in the sustainable energy sector.
Potential Negatives
- The decision to accept payments in volatile cryptocurrencies such as Bitcoin, Ripple, and Dogecoin could expose the company to significant financial risk, impacting its cash flow and overall financial stability.
- The reliance on digital assets may raise compliance and regulatory concerns, potentially leading to legal challenges or increased scrutiny from regulators in various markets.
- The press release's emphasis on "forward-looking statements" suggests potential uncertainties and risks that might delay or jeopardize the company's projected performance and growth strategies.
FAQ
What cryptocurrencies is Tembo accepting for payments?
Tembo is accepting Bitcoin (BTC), Ripple (XRP), and Dogecoin (DOGE) for payments.
How does accepting cryptocurrencies benefit VivoPower?
Accepting cryptocurrencies enables instantaneous settlement, potentially shortening the working capital cycle for VivoPower.
How long has VivoPower been in operation?
VivoPower was established in 2014 and has been listed on Nasdaq since 2016.
What is VivoPower’s core purpose?
VivoPower's core purpose is to provide turnkey decarbonisation solutions for net-zero carbon status.
Where does VivoPower operate globally?
VivoPower operates in Australia, Canada, the Netherlands, the UK, the US, the Philippines, and the UAE.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VVPR Hedge Fund Activity
We have seen 6 institutional investors add shares of $VVPR stock to their portfolio, and 3 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VANGUARD PERSONALIZED INDEXING MANAGEMENT, LLC added 7,236 shares (+55.0%) to their portfolio in Q3 2024, for an estimated $7,236
- UBS GROUP AG added 3,541 shares (+inf%) to their portfolio in Q3 2024, for an estimated $3,541
- ATRIA WEALTH SOLUTIONS, INC. added 2,765 shares (+15.2%) to their portfolio in Q3 2024, for an estimated $2,765
- VIRTU FINANCIAL LLC removed 871 shares (-6.5%) from their portfolio in Q3 2024, for an estimated $871
- EVERSOURCE WEALTH ADVISORS, LLC added 255 shares (+inf%) to their portfolio in Q3 2024, for an estimated $255
- MORGAN STANLEY added 67 shares (+134.0%) to their portfolio in Q3 2024, for an estimated $67
- ASPIRE PRIVATE CAPITAL, LLC removed 40 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $53
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Full Release
Tembo operates across international markets, including Asia, the Middle East, Africa, Oceania, Europe and North America
Increasing adoption of digital assets and currencies across these markets enables Tembo to provide these payment options, with potential benefits to its working capital cycle
LONDON, Jan. 31, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (Nasdaq: VVPR) ("VivoPower" or the "Company") announced today that its subsidiary, Tembo e-LV will commence accepting payments for deposits and orders in Bitcoin (BTC), Ripple (XRP), and Dogecoin (DOGE).
The primary rationale is to provide customers and partners with added flexibility as to how to pay Tembo for goods and services provided. With instantaneous settlement, it has the potential to shorten the working capital cycle for the Company.
VivoPower will incorporate these selected digital assets into its corporate treasury management strategy. The Company’s treasury may elect hold a portion of its reserves in Bitcoin, XRP, and/or Dogecoin, subject to ongoing market assessments and risk management considerations.
VivoPower remains committed to ensuring secure and compliant digital currency transactions and has established a payment architecture that enables this.
About VivoPower
Established in 2014 and listed on Nasdaq since 2016, VivoPower is an award-winning global sustainable energy solutions B Corporation company focussed on electric solutions for off-road and on-road customised and ruggedised fleet applications as well as ancillary financing, charging, battery and microgrids solutions. VivoPower’s core purpose is to provide its customers with turnkey decarbonisation solutions that enable them to move toward net-zero carbon status. VivoPower has operations and personnel covering Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates.
Forward-Looking Statements
This communication includes certain statements that may constitute “forward-looking statements” for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterisations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower’s management’s current expectations or beliefs and are subject to risk, uncertainty, and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower’s business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower’s filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise.
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