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September 18, 2020
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Private Jet for BTC |

A private aircraft sales company will allow customers to pay BTC for the purchase of each of their multi-million dollar jets.

2014 Gulfstream G650ER for $ 40 million (3,750 BTC)

According to report published by Business Insider on September 13, US company Aviatrade sells the 2014 upgraded Gulfstream G650ER for $ 40 million – approximately 3,750 Bitcoin (BTC) at the time of writing this article. The owners of the same model are reportedly Jeff Bezos from Amazon and Elon Musk from Tesla. The Gulfstream G650ER is able to travel up to 7,500 nautical miles, which is roughly the same distance between Los Angeles and Sydney.

“We accept Bitcoin as payment for all business purchases [biznesowy odrzutowiec]”.

– we can read on the Aviatrade website.

Aviatrade president Philip Rushton said the use of fiat currencies to purchase a private plane may be subject to cross-border restrictions in some countries. It appears that cryptocurrencies may provide less regulatory oversight for the time being.

The company does not provide specific prices for any of its planes, but crypto whales do not need to buy Gulfstream. Aviatrade has currently put up for sale 13 other private business jets, including two Bombardiery Global 7500s. In June 2019, they were valued at USD 72.8 million, i.e. over 6,800 BTC.

Aviatrade is not the first company

Aviatrade is not the first to sell airplanes to accept crypto. In June, Kaizen Aerospace CEO Fabrizio Poli announced the interview for Andreas Antonopoulos that he would “accept payments in Bitcoin and other cryptocurrencies” for charter and cargo services or the purchase of a private jet.

Antonopoulos compared the sale of expensive jets to the time he himself sold his Mini Cooper for crypto:

“They did a quick test drive.” Before they returned, I signed the title and had complete confidence that the money I received was real, unforgivable, and that it was fully mine and could not be withdrawn, so it made this type of transaction so much easier. I can see that this translates easily into buying or selling an airplane. “

Antonopoulos said.

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