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. He added: Notably, cryptocurrency payment features come as the global price of different digital assets plunged significantly in 2022. However, Ethereum and Bitcoin have registered minor gains since July as they attempt to exit the bear market.
More firms turn to crypto payments
In general, most global companies are increasingly incorporating crypto payments into their services to attract new customers and leverage crypto benefits like instant payments. As reported by Finbold, one area recording increased crypto payments is the luxury watch industry despite the heightened volatility. TAG Heuer and Hublot are among the top brands embracing crypto payments.
