On 5th September, Post Oak Motors, a car dealership officially announced that they will now accept Bitcoin [BTC] and Bitcoin Cash [BCH] payments through the BitPay exchange platform. This makes it the first Rolls-Royce, Bentley and Bugatti dealership in America to accept cryptocurrency payments.
Tilman Fertitta, the owner of Post Oak Motors, stated:
“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.”
Fertitta’s newest luxury development included a luxury hotel in uptown Houston. He owns the NBA Houston Rockets and the Golden Nugget Casinos and Hotels. His restaurant and entertainment company operates in 36 States and is one of the largest employers in America, with more than 60000 employees.
BitPay the global bitcoin payment service provider had recently landed a deal with Post Oak Motor Cars, allowing buyers to purchase luxury carriages from anywhere in the world. Sonny Singh, Chief Commercial Officer of BitPay stated that individuals often use BTC to purchase many products as it is a simple way to make payments. The partnership was timely with the increasing popularity of purchasing luxury vehicles. “Post Oak Motors has a great reputation of selling the finest cars and we are thrilled to be partnering with Tilman”, he added.
Founded in 2011, BitPay is one of the most efficient companies in Bitcoin and blockchain payments. They help businesses send and receive cross-border payments and enable customers to manage their digital assets through the BitPay wallet. It also allows users to convert digital assets into US dollar with the BitPay Prepaid Visa Card.
Wisewizz replied to BitPay on a Tweet,
“Wow. Amazing news. Huge thank you from Bitcoin Cash community!”
“This is EPIC! Bitcoin Cash is the real Bitcoin. Fast, easy and has practically NO fees. Hopefully more dealers follow suit and accepts Bitcoin Cash for payment. Ill be paying a visit when my coins moon. Thanks adopting cryptos”
Bitcoin enthusiast, Orionthehunt3r a Redditor stated,
“Unfortunately, almost no one will use BTC or BCH to buy anything. Unless you’re looking to stay semi-anonymous.I’d consider this a test run by the owner too see if there’s a market for this.”
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