Europe’s largest private retreader becomes world’s 1st in the sector to accept Bitcoin

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Europe’s leading independent tires retreader, Vaculug, has announced it will accept cryptocurrencies as part of its payment plan. The incorporation now makes Vaculug the first firm in the field to add crypto payments.

Clients will now be able to purchase tyres alongside other related services through Bitcoin (BTC) and Ethereum (ETH), Vaculug said in a press statement published on August 12.

Furthermore, the firm stated that it would sign its PPK and PPV fixed price contracts in crypto per kilometre (CPK) and crypto per vehicle (CPV). The service will apply to clients who aim to fix or link their contracts to the price of Bitcoin or Ethereum.

Benefits of crypto payments
According to the Vaculug’s IT manager, Jason Humphries, the firm opted for cryptocurrencies and blockchain to support customer needs. He further cited the benefits of crypto, like instant and cost-effective transactions.

“Blockchain technology is not the future but the NOW. We believe that all companies will have to accept Cryptocurrencies in the near future and we are proud to be the first retreader to do so,” said Humphreys.

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