Nasdaq-listed company Skycorp Solar plans to accept cryptocurrency payments and invest in Ethereum

ChainCatcher news, according to GlobeNewswire, Nasdaq-listed company Skycorp Solar Group Limited (stock code: PN) announced that starting from August 1, it will accept Bitcoin, Ethereum, and major stablecoins such as USDC and USDT as payment methods for international transactions. The solar photovoltaic product supplier also plans to allocate part of its cash reserves and returns from renewable energy project investments to strategic Ethereum acquisitions as part of its long-term digital asset management plan.

The company's chairman, Huang Weiqi, stated that this move aims to integrate green energy, artificial intelligence, and blockchain technology to promote sustainable development. All digital currency transactions will be processed through licensed providers to ensure compliance with the regulatory requirements of the Monetary Authority of Singapore and the Financial Action Task Force.