50,000 EV charging stations in Europe to start accepting cryptocurrencies

The Irish company HIPS Payment Group and the Swedish firm Vourity have announced a partnership to begin accepting cryptocurrencies in 50,000 electric vehicle charging stations in Europe.

It is planned that the first charging stations will receive the function of payment for “refueling” an electric vehicle as early as November 2021. The renewal of 50,000 charging stations will take about three years.

It is not yet known which cryptocurrencies will be accepted for electricity payments, however, judging by the image provided by Vourity, there will be support for at least Ethereum.

“At the moment, we are deciding which cryptocurrencies and coins we will support. At the time of payment, cryptocurrencies will be converted into fiat money, ”said Hans Nottehed, CEO of Vourity.

For the integration of cryptocurrency payments, it is planned to use the HIPS Merchant Protocol Merchant Token. This protocol supports work on Ethereum and Solana networks, and in the future there will be support for the Cardano blockchain.

Recall that in April this year, HIPS Payment Group announced that customers of the Payment House taxi service in the UK and Scandinavian countries will be able to pay for rides using cryptocurrencies.

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