Leading European Tire Retreader Vaculug to Accept Crypto Payments

Leading European Tire Retreader Vaculug to Accept Crypto Payments

Vaculug, a British company that brands itself as Europe’s largest independent tire retreader, will now accept cryptocurrencies for its products and services.

Vaculug to Take Major Coins, Offer Contracts in Cryptocurrency

-based tire retreading firm Vaculug has announced it will accept two leading cryptocurrencies, bitcoin and ethereum as a means of payment for tires and related services. In a press release, Vaculug also revealed it intends to sign fixed price contracts in ‘crypto per kilometer’ and ‘crypto per vehicle’ formats, if customers would like to fix or link them to the prices of the two supported cryptocurrencies. Blockchain is not the future but the now, says Vaculug’s IT manager Jason Humphries. «We are proud to have partnered with Vaculug to develop the modules required for their industry leading VMS management system to be able to receive secure payments through the blockchain,» said Sam Dunross, the CEO of Dunross and Chan Ltd.

which will process the crypto transactions. Despite the latest crypto market downturn, the number of businesses introducing bitcoin payments has continued to grow.

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Source: Lubomir Tassev | Bitcoin

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