E-bike and e-scooter manufacturer FuroSystems to begin accepting payments via cryptocurrencies.
Micro-Mobility First – Cryptocurrency Payment
FuroSystems, the British producer of high performance e-bikes and e-scooters, has announced that it will accept payments in a variety of cryptocurrencies – a micro-mobility industry first.
FuroSystems’ e-bikes and e-scooters, including the Aventa, X and Fuze, as well as a host of new products due for launch later this year, will be available to purchase using digital currencies such as Bitcoin, Ethereum and Litecoin. Furo is working with Coinbase’s payments platform to ensure that customer funds can be transferred safely and securely.
If customers request a refund after purchase, FuroSystems will process refunds via the currency they paid with – refunding them the volume of coins used to make the purchase initially. FuroSystems will also account for price volatility by up to 0.5%, and will not charge customers for price changes between transactions beginning and completing.
Furo is aware of the concerns regarding energy consumption with crypto transactions. However, recent advancements made in crypto technology, including the growing interest in proof of stake cryptocurrencies instead of proof of work ones like Bitcoin, will help to improve the carbon footprint of digital currencies.
Widening Accessibility to Micro-Mobility
FuroSystems, which creates high-end electric bikes and electric scooters, has seen demand surge since the coronavirus lockdown from an already high growth rate, with year-on-year sales up fivefold.
The company’s hero product is the Furo X folding e-bike. Designed in the UK, the carbon fibre frame makes it one of the lightest e-bikes in the world, weighing a mere 15kg, whilst the high-density removable lithium ion battery has a range of 55km. With Shimano gears and hydraulic disk brakes, the Furo X competes with Gocycle and Brompton at a more affordable price for the consumer.
FuroSystems recently launched its new urban electric bike, Aventa. Made with aerospace-grade alloys and the same boost tech found on the Furo X, the combination of hydraulic disk brakes, nine gears and a high performance clutch makes it a dream to ride as an e-bike or a manual.
The integrated 504Wh battery only adds to the sleek design, and helps to keep the weight of the bike below 17kg. Prices for the Aventa will start at £1,399. The company is continuing to develop its next-generation of ultra light weight e-bikes and e-scooters throughout 2021.
FuroSystems CEO and co-founder Eliott Wertheimer, commented: “We see many similarities between the shift to micro-mobility and the interest in cryptocurrencies. E-bikes and e-scooters are the next-generation transport modes and are key to creating healthier, less congested cities. At the same time, demand is rising for cryptocurrencies and we think they will play an important role in the future of payments. We want to empower everyone to participate in the micro-mobility revolution which is why we’re now accepting cryptocurrencies as payment.”