Croatian E-bike Company Greyp Bikes Integrates Cryptocurrency Payments

Greyp Bikes, a company founded by Croatian innovator and entrepreneur Mate Rimac, has integrated crypto payments into its online billing system. All of its high-tech cycling products can now be purchased using nine different coins thanks to a partnership with payment processor Paycek.

Greyp Bikes Accepts Cryptocurrencies for Its Electric Bicycles

Croatia’s Greyp Bikes, which is aiming to rank among technological leaders in the cycling world, has taken another innovative step. The company has introduced support for payments with nine major cryptocurrencies – BTC, ETH, BCH, XLM, XRP, DAI, EOS, USDT, and USDC – through a cooperation with Paycek, the country’s leading crypto payment processor. It recently announced:

Greyp News Everybody! Cryptocurrencies can now be used to purchase Greyp bikes directly.

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

The company also noted that while customers had been able to buy its bikes with cryptocurrency even before the partnership with Paycek, crypto payments have now been streamlined and completely integrated into the online checkout process at its website, Greyp.com.

Paycek is a platform developed by Croatian fintech startup Electrocoin. The payment processor has already helped other local companies to start accepting cryptocurrencies. Over 45 Tifon gas stations across Croatia introduced crypto payments through Paycek earlier this year while Electrocoin enabled Croatian Post to offer a crypto exchange service at its post offices two years ago.

“The move should come as no surprise to anyone who monitors what Livno-born entrepreneur Mate Rimac does when it comes to both his cars and his bikes,” the Total Croatia news portal commented in its report on Greyp’s decision to integrate cryptocurrency payments.

The Croatian entrepreneur launched Greyp Bikes in 2013 as a sister company of Rimac Automobili, a manufacturer of electric sports cars which he founded in 2009. The car company is now partially owned by VW Group’s Porsche and Hyundai. In July, Porsche and Rimac announced the establishment of a joint venture that will incorporate Volkswagen’s high-performance brand Bugatti.

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

Do you think we are going to see more partnerships like these in the cycling industry? Share your expectations in the comments section below.