Famous Luxury Car Dealer Accepts Bitcoin and Bitcoin Cash as Payments

3 min read

The adoption rate of cryptocurrencies is steadily increasing. Recently, a famous US luxury car dealer announced its interest in Bitcoin and Bitcoin Cash payments. 

Now, all Bitcoin and Bitcoin Cash users have the green light to invest in luxury vehicles. Post Oak Motor Cars became the US first Rolls-Royce, Bugatti, and Bentley dealer to accept payments in the form of BTC and BCH. The company is subordinated to the hospitality giant Tilman Fertitta.

In an official statement released on 5th September, the car dealer revealed that it intends to cooperate with Bitcoin payment operator BitPay to offer expensive car buyers the opportunity to pay anywhere in the world with crypto assets.

Commenting on this subject, Tilman Fertitta, an American billionaire businessman and CEO of Landry’s, Inc., claimed:

“The rising of bitcoin sparked my interest. […] Being a premier luxury car dealer, I always want to offer my customers the very best buying experience and this partnership will allow anyone around the world to purchase our vehicles faster and easier.”

Speaking for CNBC in December 2017, Fertitta has clearly expressed his opinion on the most famous cryptocurrency pointing out that Bitcoin (BTC) is “here to stay”.

The market demand is increasing

As stated by Sonny Singh, Chief Commercial Officer (CCO) of BitPay, the decision of Post Oak Motors to engage in crypto activities has been intelligently calculated, considering that interest in Bitcoin is rising considerably.

“We’ve noticed people prefer to make larger purchases with bitcoin since it is a simple way to make payments. […] This partnership is timely with the increasing popularity of Rolls-Royce, Bentley and Bugatti vehicles. Post Oak Motors has a great reputation of selling the finest cars and we are thrilled to be partnering with Tilman,” claimed Singh.”

According to CoinMarketCap, Bitcoin (BTC) is traded at $6,335.18, down 1.15%, while Bitcoin Cash (BCH) is valued at $467.47, down 4.29%.

Author: Adriana Midrigan

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