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Blink Charging allows vehicle owners to pay for fast charging fees using cryptocurrencies.
Electric vehicle charging company Blink Charging Co. (NASDAQ: BLNK) saw its stock price rise by 3.61% to $0.83 in pre-market trading on Wednesday. The company previously announced the launch of its first phase of stablecoin payment functionality, allowing US car owners to pay for charging at select Blink DC fast charging stations using USD Coin (cryptocurrency code: USDC/USD). This stablecoin payment option is available on Ethereum, Arbitrum, Polygon, and Base networks, with the initial pilot areas located in Chipley and Madison, Florida. The company plans to expand this feature to more Blink charging stations by 2026. CTO Harmeet Singh stated that this move aligns with Blink’s goal of achieving seamless electric vehicle charging and follows the trend of digital economy development. Blink cited a Motley Fool survey indicating that 50% of adults would consider using stablecoins daily, with this figure rising to 71% among Generation Z and reaching 60% among Millennials.