Luxury auto retailer Post Oak Motor Cars integrates BitPay to support payments for cars in Bitcoin and Bitcoin Cash.
Luxury automobile retailer Post Oak Motor Cars is reportedly the first Rolls-Royce, Bentley and Bugatti dealership in the U.S. to accept Bitcoin (BTC) and Bitcoin Cash (BCH) as payment, according to an official press release published September 5.
The luxury auto retailer, owned by American businessman Tilman Fertitta, has integrated crypto payment service provider BitPay to let clients purchase cars with crypto. According to the press release, the Texas-based firm will accept purchases in crypto from customers worldwide.
Fertitta commented that the company decided to provide the new payment option in order to offer their customers “the very best buying experience,” as well as enable “anyone around the world” to buy their vehicles “faster and easier.”
Late last year, billionaire mogul Fertitta had told reporters that most people are “never going to buy [Bitcoin],” since “it's not insured by the FDIC [Federal Deposit Insurance Corporation].”
Earlier this year, major American car manufacturer Ford filed a patent for a system for vehicle-to-vehicle communication methods that involve the exchange of crypto tokens to facilitate traffic flow.
In early March 2018, Germany-based car manufacturing giant Daimler AG, known for its Mercedes-Benz and Smart brands, introduced its own digital currency MobiCoin in order to reward drivers for eco-friendly driving practices, such as low speed driving.