Greyp Bikes, a company founded by Croatian innovator and entrepreneur Mate Rimac, has integrated crypto payments into its online billing system. Thanks to a partnership with the payment service provider Paycek, all of its high-tech cycling products can now be bought with nine different coins.
Greyp Bikes accepts cryptocurrencies for its electric bikes
Croatia’s Greyp Bikes, which aims to be among the technology leaders in the cycling world, has taken another innovative step. The company launched support for payments with nine major cryptocurrencies – BTC, ETH, BCH, XLM, XRP, DAI, EOS, USDT, and USDC – through a partnership with Paycek, the country’s leading crypto payment processor. Recently it was announced:
Greyp News to everyone! Cryptocurrencies can now be used to buy Greyp bikes directly.
“Greyp has always been at the forefront of technology in the bicycle world, so this was the next logical step in the further development of the brand,” adds the manufacturer of high-performance e-bikes from Sveta Nedelja.
The company also noted that customers could buy their bikes using cryptocurrency even before they partnered with Paycek, but crypto payments have now been streamlined and fully integrated with the online checkout process on their Greyp.com website.
Paycek is a platform developed by the Croatian fintech startup Electrocoin. The payment processor has already helped other local companies accept cryptocurrencies. Over 45 Tifon gas stations across Croatia launched crypto payments through Paycek earlier this year, while Electrocoin enabled Croatian Post to offer a crypto exchange service in their post offices two years ago.
“The move should not surprise anyone who monitors what Livno-born entrepreneur Mate Rimac does with his cars and bicycles,” commented the news portal Total Croatia in its report on Greyp’s decision to integrate cryptocurrency payments.
The Croatian entrepreneur founded Greyp Bikes in 2013 as a sister company of Rimac Automobili, a manufacturer of electric sports cars he founded in 2009. The car company is now partially owned by Porsche and Hyundai of the VW group. In July, Porsche and Rimac announced the formation of a joint venture that will incorporate Volkswagen’s high-performance brand Bugatti.
Greyp’s integration of cryptocurrencies is not the only example of this kind in the bicycle industry. The British company Toba Electric Bikes, which sells e-bikes from the Spanish brand BH, has introduced support for BTC and BCH payments and released its own utility token in 2019 in collaboration with the SLP-centric trading platform Cryptophyl.
Do you think we’ll see more partnerships like this in the bicycle industry? Do share your expectations in the comments section below.
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Paycek is a platform developed by the Croatian fintech startup Electrocoin. The payment processor has already helped other local companies accept cryptocurrencies. Over 45 Tifon gas stations across Croatia launched crypto payments through Paycek earlier this year, while Electrocoin enabled Croatian Post to offer a crypto exchange service in their post offices two years ago.Previous