Catching onto the cryptocurrency craze, 50 Cycles, a UK-Based retailer has introduced a new e-bicycle, The Toba, that generates redeemable digital coins for riders as they pedal - basically allowing the rider to create money as they ride! Sounds pretty cool, right? We think so too! This is said to be the world’s first cryptocurrency mining electric bicycle.
According to the company’s founder and chief executive officer, Scott Snaith, the Toba is not only the first electric bike of its kind, but it will also be the first product ever to be tokenized, and which issues reward for use. He also described this ‘crypto mining e-bicycle’ to be indicative of the company’s desire to engage with new technologies, stating “We have always been a company that moves ahead of the times by embracing the latest technology. Just like we saw the potential in electric bikes in Tokyo 15 years ago, we now see the promise and future in blockchain technology, cryptocurrency, and product tokenization.