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50,000 EV Charging Stations in Europe Will Accept Crypto Payments


Anna Martynova

Two payment companies have teamed up to deploy cryptocurrency payments at 50,000 EV charging stations in Europe. The partnership is between the Irish company HIPS Payment Group Ltd and the Swedish firm Vourity. The integration of crypto payments with charging stations will take place over the next three years, starting in November 2021.

It is not yet known which cryptocurrencies will be supported, but Vourity gave a clear hint by posting an image of a payment terminal with the ETH logo. Next year, Ethereum is shifting to a much more energy efficient Proof-of Stake consensus mechanism that could mitigate any backlash among environmentally conscious EV drivers.

Crypto payments will be integrated with Vourity's electric vehicle charging stations by connecting to the blockchain through its own Hips Merchant Protocol Merchant Token. In May, HIPS Payment Group launched HIPS Merchant Protocol, HIPS Merchant Protocol Gateway, and the governance token Merchant Token. The protocol was built on the Ethereum and Solana blockchains in May 2021. There are plans to expand support for Cardano in the future.

Image: Cision News


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