Energi Mine has been appointed to launch the world鈥檚 first cryptocurrency payment system for聽electric vehicle (EV) charging points.
The Oldham-based business has secured a contract with Electra Commercial Vehicles to develop the payment system for its fleet of electric trucks.
Energi Mine has聽launched a blockchain-based platform to incentivise energy conservation with digital currency and decentralise the energy market.
A new Energi Token (ETK) is at the core of the firm鈥檚 energy efficiency reward system, with users rewarded for energy saving behaviour.
鈥淭his is a hugely significant appointment for the business and opens up a world of opportunities,鈥� said chief executive Omar Rahim.
鈥淭here is a global push towards energy conservation while cryptocurrencies are becoming increasingly mainstream.
鈥淥ur initial aim is for Energi Tokens to be adopted as a common currency for all EV charging points in the UK. Our intention is then to work with our network of partners to roll this out internationally.鈥�
Energi Mine was named as one of the world鈥檚 most exciting blockchain start-ups at this year鈥檚 Initial Coin Offering (ICO) Summit in Zurich, where Omar Rahim launched the company鈥檚 new digital token, ETK.
The company is currently preparing to raise funds through a token sale, the new way for companies to raise money through cryptocurrency.