• Greyp Bikes, a Croatian e-bike company, has integrated cryptocurrency payments

  • Greyp Bikes, a Croatian innovator and entrepreneur Mate Rimac’s company, has integrated cryptocurrency payments into its online billing system. Because of a partnership with payment processor Paycek, all of its high-tech cycling products can now be purchased using nine different coins.

    Greyp Bikes now accepts cryptocurrency payments for its electric bicycles.

    Greyp Bikes of Croatia, which aspires to be a technological leader in the cycling world, has taken another innovative step. Through a collaboration with Paycek, the country’s leading crypto payment processor, the company has added support for payments with nine major cryptocurrencies – BTC, ETH, BCH, XLM, XRP, DAI, EOS, USDT, and USDC. It recently declared:

    Greyp News for Everyone! Greyp bikes can now be purchased directly with cryptocurrency.

    “Greyp has always been at the cutting edge of technology in the biking world, so this was the next logical step in the brand’s further development,” the Sveta Nedelja-based manufacturer of high-performance e-bikes added.

    The company also stated that, while customers could buy its bikes with cryptocurrency prior to the partnership with Paycek, crypto payments have now been streamlined and completely integrated into the online checkout process at Greyp.com.

    Paycek is a platform created by Electrocoin, a Croatian fintech startup. The payment processor has already assisted other local businesses in beginning to accept cryptocurrencies. Over 45 Tifon gas stations in Croatia began accepting crypto payments through Paycek earlier this year, and two years ago, Electrocoin enabled Croatian Post to offer a crypto exchange service at its post offices.

    “The move should come as no surprise to anyone who follows what Livno-born entrepreneur Mate Rimac does with both his cars and his bikes,” the Total Croatia news portal said in a report on Greyp’s decision to accept cryptocurrency payments.

    Greyp Bikes was founded in 2013 by the Croatian entrepreneur as a sister company to Rimac Automobili, a manufacturer of electric sports cars that he founded in 2009. Volkswagen Group’s Porsche and Hyundai now own a portion of the automaker. Porsche and Rimac announced a joint venture in July that will include Volkswagen’s high-performance brand Bugatti.

    Greyp’s cryptocurrency integration is not the only such example in the cycling industry. Toba Electric Bikes, a U.K.-based retailer of e-bikes manufactured by the Spanish brand BH, added support for BTC and BCH payments and, in 2019, launched its own utility token in collaboration with SLP-centric trading platform Cryptophyl.

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