Lectric Ebikes unveiled its new commuter e-bike model, the XPress2, aiming at the urban market. The company priced it at $1,399 and said it improves overall performance and finish while keeping the pricing of its lower-cost models. The XPress2 comes in Commuter and Cruiser versions. It features a new 750W rear hub motor, an assist system with switchable torque and cadence modes, upgraded suspension and hydraulic brakes, a removable 672Wh battery and a 3.5-inch color display.

Wemade said on Tuesday it signed a memorandum of understanding with NICE Information & Telecommunication to build Web3 payment infrastructure. The agreement aims to research and develop payment infrastructure that combines Web3 with legacy finance. The partners plan joint research, preparations and pilot tests to connect the Web3 sector with offline payment ecosystems. They will share information on stablecoins and blockchain payments and test linking WEMIX and USDC.e to NICE’s payment network.