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Recreatives Industries (OTC: RECX) Launches Crypto Payment System for Global Sales of MAX Amphibious ATVs, Parts, and Accessories
Globenewswireยท 2025-08-26 13:15
Core Viewpoint - Recreatives Industries, Inc. has successfully implemented a cryptocurrency payment system, allowing customers to purchase MAX vehicles and accessories using over 300 cryptocurrencies, thereby modernizing its operations and expanding its global reach [1][2][3]. Group 1: Cryptocurrency Payment System - The company now accepts more than 300 cryptocurrencies, including major tokens like Bitcoin, Ethereum, and Litecoin, providing a fast and secure payment option for global customers [2][6]. - The integration of cryptocurrency payments offers customers more choice and flexibility while reducing reliance on traditional payment methods that can be costly and restrictive [3][6]. Group 2: Strategic Financial Initiatives - Recreatives intends to retain a portion of received cryptocurrency on its balance sheet as part of a long-term treasury strategy, aiming to diversify financial holdings beyond traditional fiat reserves [4][7]. - The company is exploring blockchain-based financing solutions, which could provide unique financing opportunities for dealers and consumers in the amphibious ATV market [4][5]. Group 3: Future Growth and Innovation - By adopting cryptocurrency, the company positions itself to scale sales, expand distribution, and create innovative financing solutions that traditional lenders may not offer [5][6]. - The company plans to diversify its product line, including larger 8x8 vehicles and electric vehicle drivetrains, leveraging advancements in battery technology [9].