Europe’s leading tire manufacturer Vaculug announced that it will accept cryptocurrencies, making it the first firm in the field to integrate cryptopayments.
The company’s customers will now be able to purchase tires and related services for bitcoins (BTC) and Ethereum (ETH).
According to Vaculug IT manager Jason Humphries, the firm chose cryptocurrencies and blockchain to meet customer needs, taking into account the immediacy and cost-effectiveness of transactions.
Blockchain technology is not the future, but the present. We believe all companies will have to accept cryptocurrencies in the near future, and we are proud to be the first to do so,” Humphries said.
Notably, cryptocurrency payment functions are being implemented against the backdrop of a significant drop in global prices for various digital assets in 2022. However, since July, Ethereum and bitcoin have shown slight growth, trying to get out of the bear market.