British Company Created Electric Bicycle that Mines Cryptocurrency
The British company 50Cycles created the electric bicycle that mines cryptocurrency. The bicycle named Toba offers a £20 reward for each thousand miles of mileage. Payouts are carried out in LoyalCoins (LYL). Special smartphone software controls mining, while private keys are stored in the vehicle.
It is expected that the first bicycles will be available in September. The retail price for bikes is expected to start from £1695, which is quietly expensive. For now the company partners with the Swiss-based LoyaltyCoin startup, but plans to establish its own coin in the future.
LoyalCoin is the customer loyalty-oriented digital asset that is replacing and enhancing the traditional rewards point systems we currently have. Currently LoyalCoin is worth $0,004376 USD with $21 589 326 USD market capitalization and is traded on Cryptopia.