April 30, 2024

Minima partners with OPP (Online Payment Platform) to commodify private charging points worldwide in $7.3B EV market

Minima partners with OPP (Online Payment Platform) to commodify private charging points worldwide in $7.3B EV market

Date: 30 May, London - Minima, a layer1 blockchain focused on Decentralised Physical Infrastructure Network (DePIN) solutions, joins forces with Online Payment Platform (OPP), a global leading payment service provider to transform the electric vehicle (EV) charging industry. This collaboration aims to integrate OPP’s comprehensive payment solutions with Minima's fully decentralised and device-agnostic blockchain network, allowing EV drivers to rent out their private chargers to other members of the public.

According to a recent report from Shell, “49% of people who are yet to adopt EV have not done so because they want to see better charge point availability.” This solution from Minima seeks to change that by decentralising the management of EV charging services. Unlike current centralised models that depend on specific service providers for access and payment management, this approach enables direct peer-to-peer interactions through the tokenisation of energy. 

Charge Point Operators (CPOs) and private wallbox owners will be able to accept tokens generated on the Minima blockchain. The tokens will represent kWh balances, access rights, or authentication details. This would enable a more secure and efficient ecosystem for electric vehicle charging, offering a novel approach to managing energy resources and facilitating access across a broad network. 

“This collaboration with OPP represents a major milestone in our journey to redefine transactions in the EV charging ecosystem. By combining our blockchain technology with OPP’s payment expertise, we are poised to offer an unparalleled secure and user-friendly experience” said Hugo Feiler, CEO of Minima. 

OPP will facilitate the initial fiat payment, which triggers the generation of a digital token on Minima’s blockchain upon payment confirmation. This token can then be accepted by charging infrastructure, simplifying the transaction process for EV users.

Minima’s novel approach hopes to magnify the adoption of electric vehicles by simplifying the charging process and enhancing interoperability among different providers and users. The partnership leverages Minima’s blockchain technology to ensure secure, decentralised, and transparent transactions with improved efficiency in payments. Minima’s network comprises of all connected devices running a full node, significantly enhancing security and resilience. 

OPP’s versatile payment platform supports multiple currencies and offers escrow services, ensuring a frictionless and secure transaction environment. The integration with Minima’s blockchain allows for the tokenisation of essential EV charging data, streamlining the payment and access processes for users worldwide.

“We are thrilled to partner with Minima to bring innovative payment solutions to the EV market. This partnership is a testament to our commitment to support companies delivering value and cutting-edge technology to meet users' evolving needs,” added Richard Straver, Founder of OPP.

This partnership marks a groundbreaking integration of blockchain technology into the EV charging payment sector, improving access and convenience for EV drivers. 

About Minima

Minima, the real-world blockchain, is a layer1 focused on everyday solutions through device-led infrastructure. 

A unique Layer 1 blockchain, distinguished by its lightweight architecture that enables a full (constructing and validating) node to run on any mobile or IoT device, making it exceptionally adaptable for scaling decentralized physical infrastructure networks (DePIN). Minima's technology is now supported by an expansive and engaged community of over 100,000+ node operators. Minima’s extensive network, one of the largest in the DePIN space, showcases its commitment to empowering users and developers to innovate and secure digital solutions in a decentralized world.

The blockchain is compact, quantum-resistant, and secured by every single user on the network. Learn more at minima.global.

Website | Twitter | LinkedIn | Discord  

About OPP

Online Payment Platform (OPP), the bespoke financial gateway, is a premier payment service provider focused on facilitating seamless transactions for marketplaces, platforms, and communities.

OPP is committed to redefining the future of digital transactions, ensuring that every payment process is secure, transparent, and tailored to the evolving needs of our global user base. Discover more about how we're facilitating the future of online payments at: www.onlinepaymentplatform.com