Phoenix Motor Inc. (PEV), a prominent electrification solutions provider for medium-duty vehicles, revealed today that its subsidiary, EdisonFuture, is gearing up to accept Bitcoin as a payment option for its forthcoming electric pick-up trucks and delivery vans.
The decision to incorporate Bitcoin payments comes after Phoenix Motor Inc. conducted market research, identifying a burgeoning interest in Bitcoin. This interest, attributed to the impact of the coronavirus pandemic and intricate geopolitics, prompted the company to align its offerings with the evolving preferences of its customer base.
Acknowledging the increasing demand for Web 3 and Artificial Intelligence, the company aims to cater to the changing landscape by introducing Bitcoin as a viable payment method for its products and services. This strategic move reflects Phoenix Motor Inc.’s commitment to investing in its digital future and providing customers with expanded choices in payment options.
Denton Peng, Chairman, and CEO of Phoenix Motor Inc., expressed the company’s dedication to continuous improvement and service expansion. He highlighted the decision to integrate Bitcoin payments as an investment in the digital trajectory of the company, responding to the heightened demand for diverse payment alternatives among customers. This forward-looking approach positions Phoenix Motor Inc. to stay at the forefront of innovation and customer-centric solutions in the evolving landscape of electrification solutions for medium-duty vehicles.
