A Nevada-based luxury car dealer has seen a steady increase in Bitcoin (BTC) payments. This proves the current boom in the market, where more and more investors are transforming their investments into high-end sports cars.
Bitcoiners buy luxury cars
Vegas Auto Gallery, whose product range includes brands and models from Aston Martin, Bentley, Ferrari and Lamborghini, recently sold two high-end sports cars to customers who paid over $ 6 million in BTC. How reports The Wall Street Journal, company owner Nick Dossa, says about 3 to 5% of a dealer’s revenue comes from bitcoin transactions.
The dealer does not accept Bitcoin payments directly, but through a third party BitPay payment processor. BitPay settles BTC in US dollars immediately after receiving them. For Vegas Auto Gallery, all Bitcoin purchases are charged a 1% commission, which is equivalent to the BitPay transaction fee.
Dossa told a journalist that his showroom is not exposed to any additional risk by accepting Bitcoin payments. “It’s a very easy transaction” – he said.
Although Bitcoin has been criticized for not having adequate payment channels, BitPay has hundreds of thousands of sellers around the world on board, giving investors multiple ways to spend their funds.
Lamborghini – is it a symbol of the real Bitcoiner?
Lamborghini became the highest symbol of bitcoiners during the 2017 boom. Recent transactions at Vegas Auto Gallery suggest that after the recent price spike, wealthy bitcoiners have already started spending their cryptocurrencies,
Bitcoin is back to record levels. Currently, we have to pay $ 29,000 for one coin. Last week, the cryptocurrency market capitalization surpassed $ 500 billion for the first time in history.
Current course You can always check Bitcoin and other cryptocurrencies in the tabs: exchange rate Bitcoin and the cryptocurrency rate on the website . A place where you can buy BTC and more coins, include cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, from this article you will learn how to efficiently create one: LINK.