After the technology behind crypto astonished the world, the popularity of Bitcoin, in spite of the insecurities involved, has increased extensively. This popularity has attracted almost every sector of business from commodities to real estate and much more. It could be the reason that the dealer of the luxury car brand from Houston is accepting Bitcoin and Bitcoin cash for its user to have a world-class experience in purchasing their vehicle.
The dealership, Post Oak Motors located in Houston, Texas are willing to stake their reputation by involving themselves with cryptocurrencies. The dealership with their luxury brand Rolls Royce has adopted the use of cryptocurrencies in their payment. For expanding their customer base, BitPay will be used as the medium of transaction of the Bitcoin (BCH) and Bitcoin Cash (BCH).
The owner of Post Oak Motor’s, Tilman Fertitta said:
“The rising of bitcoin sparked my interest,” He further added, “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.”
Currently, Bitcoin has the value of $6,429 a coin, which means to buy a Rolls Royce worth $350,000 you would need 55 Bitcoins. Even that rate may fluctuate as the Bitcoin hits its peak since December the value decreased in two months losing half its value from its nearly $20,000.
Chief Commercial Officer of BitPay, Sonny Singh, says in respect of the dealership,” We’ve noticed people prefer to make larger purchases with Bitcoin since it is a simple way to make payments.”
People around the world have used cryptocurrencies to purchase and sell a range of products. A McLaren 720S was sold on craigslist for 25 Bitcoins last year when the coins value hit the top which in turn generated about $420,000 for them. A dealership in California also began to accept Bitcoin for Bugatti Chiron and Pagani Huayra earlier this year.
The decreased value of Bitcoin recently could be the best option, for now, to purchase a new Rolls Royce using cryptocurrency.
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