HIPS and Vourity to enable crypto payment for EV charging in Europe

By Megha Bhattacharya

HIPS Payment Group Ltd. and Vourity, a Swedish SaaS platform, announced their partnership, allowing crypto payment for 50,000 EV charging stations throughout the European Union (EU). Crypto payments will be totally incorporated in the Vourity platform and can link straight to the blockchain through Hips Merchant Protocol’s (HMP) native procedure token Merchant Token (MTO) starting November 2021.

“We are really pleased to announce this partnership as we believe it is forward-thinking on many fronts; allowing the use of crypto payments will make charging convenient for all EV drivers, which will accelerate the move to an all-electric vehicle future,” states John Cavebring, CEO of Hips.

Currently, the Vourity platform allows EV motorists to pay for charging by utilizing routine open payment approaches such as charge card (e.g., Visa and Mastercard), Apple Pay, Google Pay, Swish, and Bluecode. The partnership with Hips will broaden client payment processing choices, promoting using cryptocurrency as a feasible and available alternative.

“At Vourity, we are all about innovation and that starts with listening to EV drivers to understand and address their evolving needs. We want to make it easy for drivers to charge their car and offering an open platform that allows for crypto payments is the most logical choice for our next-generation world,” stated Hans Nottehed, CEO of Vourity.

Recently, Hips Payment Group has announced a partnership with The Payment House in a bid to enable payment with cryptocurrency in over 20,000 taxis in Scandinavia and 10,000 taxis in the UK. The solution, to roll out in beta November 2021, will use the HMP and its Merchant Gateway (HMP-gateway) over Ethereum. HMP, HMP-gateway and the governing Merchant Token (MTO) is a solution that introduces consumer protection concepts from the traditional card payment industry to the Ethereum blockchain, among others.