Dash enters the automobile industry; cryptocurrency used for purchase in US based ‘AutoFair’

In a move that is aimed to propagate the mass adoption of cryptocurrencies, AutoFair, a car dealership in New Hampshire has started accepting Dash as a form of payment. Latest reports from the company have shown that the car showroom has sold its first car fully paid in DASH.

The sale that occurred was processed by Anypay, a cryptocurrency point of sale application. Derrick J Freeman, an official from the company stated that:

“Most businesses that started accepting cryptocurrency were smaller, more marginal businesses, and we see that larger and larger businesses are accepting crypto. What normally happens is a business will accept digital cash often knowing that they can convert it to bank money. Yet almost always they learn about the benefits and decide to keep the digital cash themselves.”

This is not the first time that a cryptocurrency has been accepted for a mainstream purpose with Bitcoin [BTC] being accepted by Post Oak Motors since the start of September. The dealership had announced that it will accept payments in Bitcoin and Bitcoin Cash [BCH] through BitPay, a cryptocurrency exchange platform.

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.”

Dash was also in the news recently when it was revealed that the cryptocurrency company had partnered with Bitbns, a cryptocurrency exchange based in India.

In its official Tweet, Bitbns wrote:

“We are excited to announce our new partnership with @Bitbns, one of the leading exchanges in #India! For a limited time transact in $Dash for no fees on the #Bitbns platform!”

Dash has also created ripples in the cryptosphere by playing an integral role amidst the financial crisis in Venezuela, where a lot of merchants and traders use the cryptocurrency as a form of payment. Discover Dash, a platform for exploring the nearby Dash merchants and events had announced that the count of merchants supporting Dash around the world has gone over 3,000. Subsequently, Venezuela accounts for almost half of the total merchant adoption of the ecosystem.

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