UK company specializing in the manufacture of electric bicycles has come up with the novel idea of creating the world’s first e-bike that mines cryptocurrency, writes Cycling Industry News.
The company 50cycles has come up with the TOBA series cryptocurrency mining electric bicycle which will earn users cryptocurrency as they ride, generating ‘LoyalCoin’ at a rate of around £20 worth to every 1,000 miles ridden.
After furious pedalling users will be able to cash in coins in a number of outlets and trade for major digital tokens, many of which are accepted on the manufacturers website, Founder, and CEO of 50cycles, Scott Snaith claimed, “This is not only the first electric bike of its kind, but it will also be the first product ever to be tokenised and which issues reward for use.”
To read the full article go to: https://bitcoinnews.com/cycle-your-way-to-bitcoin-with-the-latest-toba-crypto-mining-pushbike/