FuroSystems joins ranks of those accepting cryptocurrency payments

FuroSystems, the manufacturer of e-bikes and e-scooters, will now accept payments via cryptocurrencies – including Bitcoin, Ethereum, Litecoin and Bitcoin Cash.

There are very few that have declared acceptance of cryptocurrency in the bike industry to date, but FuroSystems’ partnership with Coinbase’s payments platform will see 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.

Demand for the firm’s products has apparently surged throughout the pandemic, resulting in sales up five-fold year-on-year.

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.”

FuroSystems recently launched its new urban electric bike, the Aventa, available from £1,399. Powered by a 504Wh battery and weighing less than 17kg, the aerospace-grade alloy e-Bike can be ridden with or without assistance.

As reported earlier this week, FuroSystems found itself with an Advertising Standards Agency complaint upheld in February as a result of advertising showing electric scooter users in its marketing using public streets in London. The watchdog said this imagery mislead consumers, despite warning labels attached pointing to the legality of using privately owned e-scooters on public roads.

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