Those lucky to have enough Bitcoin and Bitcoin Cash, they can now spend their cryptocurrencies on luxury vehicles including, Rolls-Royce, Bentleys and Bugattis.
Post Oak Motor Cars is the first dealership that sells luxury vehicles to accept Bitcoin and Bitcoin Cash, the venue is owned by hospitality mogul Tilman Feritta.
On 5th September, there was an official press announcement released by the company who will now be partnering with Bitcoin processor BitPay in order to enable luxury car buyers to purchase carriages from anywhere in the world using the aforementioned cryptocurrencies.
Tilman Fertitta spoke about the matter and said:
“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 out vehicles faster and easier.”
Fertitta has previously spoke to CNBC saying that he thinks Bitcoin is “here to stay” which makes his most recent move rather natural.
The CCO of BitPay, Sonny Singh spoke out about the matter too and said that the move by Post Oak Motors is timed accurately as the interest towards making larger purchases with the recent increase from Bitcoin is perfect.
“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 TIlmen.”
Said Sonny Singh.
Earlier in the week, the CEO of BHB Network tried to sway a Latvian airline airBaltic to replace BitPay as its Bitcoin payment processor because it allegedly “doesn’t work”.
What are your thoughts on Post Oak Motor beginning to accept bitcoin and Bitcoin Cash as a viable payment option? Let us know in the comments!