Crypto buys Coupé

Although the transaction was made in Bitcoin, Greenline Yachts received the payment in euros thanks to a process enabled by BitPay, a US-based company that facilitates cryptocurrency transactions. The company has a European regulatory presence, making the payment procedure more straightforward.

“At BitPay, we believe in the transformative power of cryptocurrency to revolutionise industries across the globe,” says Merrick Theobald, vice president of marketing at BitPay.

“This milestone transaction with Greenline Yachts is a perfect example of how Bitcoin is reshaping the luxury goods market. By embracing crypto payments, Greenline is not just enhancing the buying experience for their customers but also embracing the future of finance. As more businesses and consumers see the value of digital currency, it’s clear that cryptocurrency is here to stay — especially for high-value purchases like a luxury yacht.”

The buyer originally acquired Bitcoin when its value was approximately $0.03 per coin and has seen its price rise to more than $100,000.

Following this increase, he decided to purchase the Greenline 45 Coupé. The Coupé version of the yacht is equipped with solar panels integrated into the hard top, providing up to 2,200 W of power.

In sunny conditions in Greece, where the yacht will be kept, the system can generate up to 13.2 kWh per day. This allows for more than four days at anchor without using a generator, supporting a silent and emissions-free experience.

The yacht will also include an office space in place of the standard third cabin. Located on the starboard side of the hull, the office is positioned between two double cabins. The solar panels will contribute to powering high-speed internet and other office equipment, supporting extended stays away from port.

“We’ve always looked to the future at Greenline Yachts – as much for the boats themselves as for the experience of buying and owning them,” says Zinchenko.

“We were quick to recognise the promise of hybrid electric propulsion, large-scale solar generation and remote boat monitoring. Today, that principle has come full circle with an entirely digital transaction in Bitcoin.”

Greenline Yachts’ approach to responsible yachting extends beyond propulsion technology. The company’s hull designs incorporate so-called “superdisplacement” technology, developed to improve efficiency and stability at varying speeds.

Sustainability efforts also apply to the construction process. The hulls utilise high-tech foam sandwich materials derived from recycled PET plastic, with vacuum infusion techniques employed to optimise material use. The company uses vinyl-ester resin, offering a five-year osmosis warranty, and is researching natural fibres and green resins for future builds.

Now, Greenline Yachts is launching an annual award recognising owners who contribute to sustainable yachting. Categories will include the highest amount of solar power generated and the most electric engine hours logged. Owners can track their yacht’s data via the Greenline app, provided they opt in.

greenlinehybrid.com