Bitcoin Adoption Spreading Fast In The Automotive Industry - page 2.

abojamal

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Quote from: Apollo11SaturnV on February 27, 2019, 03:50:33 AM

Bitcoin Adoption Spreading In The Automotive Industry
https://cryptodaily.co.uk/2019/02/bitcoin-adoption-in-the-automotive-industry-buy-a-car-with-bitcoin

In the article, there is also a directory of licensed car dealerships that accept bitcoin.

Bitcoin adoption is spreading like wildfire in the automotive industry, its worth sharing so more people will know. Its very interesting to see this many authorized car dealerships accept cryptocurrency as a payment method and the list appears to be growing.

I love the old English proverb
(Slow but sure)
Let's read more about this kind of news
After a while, adoption will extend from car dealers to automakers.

teejayrichard2

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Bitcoin spreading across all sectors of the economy is no longer a shocking news to me as I continue to see different sectors of the economy adopting its usage every now and then. Just recently J.P Morgan talked about coming out with their own cryptocurrency JPM. I have also heard rumours of samsung and facebook trying to bring out theirs too (though not yet confirmed). The automotive industry is a big industry and I knew it won't take long before they adopt the use of bitcoin. I am glad such thing is happening which is good for the bitcoin community. It goes to show bitcoin growth and adoption is on the increase. More to come sooner than later.

Apollo11SaturnV

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Quote from: baghdatis1990 on February 27, 2019, 12:57:37 PM

It's great news to know that Bitcoin is being adopted in the automotive industry. The automotive industry is one of the most powerful industries. Bitcoin has only to gain as the car industry supports Bitcoin as a means of payment. I'm sure more and more people will choose this method of payment in the future. I think companies that accept Bitcoin have more customers than those who use only fiat coins.

Agreed just imagine how much bitcoin trading volume, car dealership transactions will add to the Bitcoin chart. Cars are not cheap, also another thing to keep in mind is big companies are trusting Bitcoin for large transactions. It takes a lot of trust in the bitcoin network to consider selling a car for bitcoin. This is great news that companies are willing to trust bitcoin for large transactions, keep in mind these are some big dealerships and many of them are when licensed by major manufacturers. Everyonr should also understand, the manufacturers dont need to accept bitcoin. The dealerships is where the cars are sold. No one goes to a factory to buy a car. They go to their local car dealership.

Seth2009

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Quote from: Apollo11SaturnV on February 27, 2019, 03:50:33 AM

Bitcoin Adoption Spreading In The Automotive Industry
https://cryptodaily.co.uk/2019/02/bitcoin-adoption-in-the-automotive-industry-buy-a-car-with-bitcoin

In the article, there is also a directory of licensed car dealerships that accept bitcoin.

Bitcoin adoption is spreading like wildfire in the automotive industry, its worth sharing so more people will know. Its very interesting to see this many authorized car dealerships accept cryptocurrency as a payment method and the list appears to be growing.

Agree, bitcoin adoption will help it to be more acceptable for othet countries to be known... Bitcoin transactions are more faster than the ordinary one... It is also easy to work out.. This is really a good news.. Having an industry that adopts bitcoin transactions.. Hoefully more merchants will use bitcoin or other cryptocurrencies for future use...

boyptc

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Quote from: Nadziratel on February 27, 2019, 04:26:09 AM

If I remember correctly, some vehicle sales in Germany could already be paid with BTC. This is just the beginning of development. People will continue to use it in all areas.

Yes you can purchase BMW with bitcoin through Stephen James dealer.

--> https://cryptodaily.co.uk/2018/07/bmw-now-accepts-bitcoin-as-payment/

Johnzky

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Quote from: Apollo11SaturnV on February 27, 2019, 03:50:33 AM

Bitcoin Adoption Spreading In The Automotive Industry
https://cryptodaily.co.uk/2019/02/bitcoin-adoption-in-the-automotive-industry-buy-a-car-with-bitcoin

In the article, there is also a directory of licensed car dealerships that accept bitcoin.

Bitcoin adoption is spreading like wildfire in the automotive industry, its worth sharing so more people will know. Its very interesting to see this many authorized car dealerships accept cryptocurrency as a payment method and the list appears to be growing.

As i remember it right,there’s one ICO in 2017 that has been subjective just for automotive and car pooling i dont remember the exact project

Cryptonians believe that every sides of the world needs crypto and automotive is one best way to make good income here,this article proves that people now are engaging to crypto and in just a year that we will see more services that accepts bitcoin and so other currencies

conected

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Quote from: Theb on February 28, 2019, 05:01:34 AM

Only rich people will pay in this payment method, most of the people buying cars nowadays are undergoing through banks under loan payments. So it's a nice addition but I doubt that most of the people holding cryptocurrencies will buy cars with their crypto right now. What I would like to see instead is for the car parts aftermarket to accept cryptocurrencies as well as people would likely accept the prices in crypto for the car parts.

- This is really great news for those who hold and use bitcoin and crypto because this is a very surprising and positive signal for the future of bitcoin and crypto but I don't think holders will use their bitcoin for buying a car even if the automotive industry accepts. Because as we can see, the development and acceptance of bitcoin and crypto are becoming more popular over time, that means that the value of these assets will increase over time, the demand is too large while the supply is limited, accumulation will bring many benefits and better, buying a car is not an encouraging action

LogitechMouse

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Buying cars can only be done by rich people at this moment or those who have saved their money for a long time. I'm thinking that these car buyers who are using Bitcoins are those investors also in crypto. Anyway, this small steps are helping Bitcoin and crypto in general into mass adoption. I wish more and more establishments and companies will accept crypto too.

maianh09

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Previously in China, a country with a large number of investors participated in the Cryptocurrency, and some large car garages accepted payment with Bitcoin. Buyers can pay the full cost by Bitcoin depending on a certain number of cars, and for some car, you can only pay up to 20-70% of its value with Bitcoin.

Stac

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The adoption of Bitcoin has spread widely in the industry of automotive for example Japan ,Los Angeles ,Connecticut .Florida , Georgie .,Canada , Italy ,Canada etc ; are some of the countries that have car dealership that accepts Bitcoin .The accepting of Bitcoin is been continued to grow and is spreading to more near by regions .Recently Bitcoin payment method for other means of transportation in some parts of Argentina, public transport riders use Bitcoin as payment for train and bus fares too .Bitcoin shows positive signs of acceptance in every corner giving a bright future forwards Bitcoin .From this we can conclude that Bitcoin has gained popularity within a short period .

Ahsan Aly

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Such a good initiative. This is the right time to utilize Bitcoin in various platforms. But there's something very complicated because bitcoin is not a stable currency it always be in fluctuating situation, then its mean that the price of product which integrated with bitcoin will depend on the BTC price ?

This is the rare point raised by few people. But we hope for the best. And everybody knew that Crypto trend has been placed worldwide.

Theb

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Only rich people will pay in this payment method, most of the people buying cars nowadays are undergoing through banks under loan payments. So it's a nice addition but I doubt that most of the people holding cryptocurrencies will buy cars with their crypto right now. What I would like to see instead is for the car parts aftermarket to accept cryptocurrencies as well as people would likely accept the prices in crypto for the car parts.

taratorly

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A large majority of crypto investors are considering buying a car if they earn money on this activity. This may be the cause of the adaptation.

gilangIDR

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Quote from: Apollo11SaturnV on February 27, 2019, 03:50:33 AM

Bitcoin Adoption Spreading In The Automotive Industry
https://cryptodaily.co.uk/2019/02/bitcoin-adoption-in-the-automotive-industry-buy-a-car-with-bitcoin

In the article, there is also a directory of licensed car dealerships that accept bitcoin.

Bitcoin adoption is spreading like wildfire in the automotive industry, its worth sharing so more people will know. Its very interesting to see this many authorized car dealerships accept cryptocurrency as a payment method and the list appears to be growing.

Some industries such as automotive have become one of the big markets in cryptocurencies. The automotive market has a good sophistication because it continues to develop every year. This makes some car dealers try to apply Bitcoin to their payment systems. The large nominal value in each transaction is also a trigger.

CarnagexD

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Its never surprising since blockchain is really the future of money. You can integrate blockchain in any industry as long as there will be financing system, and this will be an eye opener for those who STILL think that bitcoin is a scam. This will lead to a more innovative adaptations on different industry like medical and online businesses.

mapanlah

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the automotive industry really needs payment instruments that are global in nature, so adopting the bitcoin currency as a payment tool is the right choice. if an industry wants to keep abreast of technological developments from supply devices, it must be willing to open opportunities for payment methods to use crypto currencies. I hope this method will be followed by many other industries that are also global in nature.

eaLiTy

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Quote from: Apollo11SaturnV on February 27, 2019, 03:50:33 AM

In the article, there is also a directory of licensed car dealerships that accept bitcoin.

Bitcoin adoption is spreading like wildfire in the automotive industry, its worth sharing so more people will know. Its very interesting to see this many authorized car dealerships accept cryptocurrency as a payment method and the list appears to be growing.

It is always a positive thing to see that merchants are accepting bitcoin as well as other coins for transaction and the automotive industry is taking full advantage to attract crypto investors to get the deal done and it is a good move by them and now majority of the major merchants in US are accepting bitcoin and hopefully we will see that globally, looks like we have to push Jeff Bezos so that amazon starts accepting bitcoin. Cheesy

with their market spreading throughout the world it will be a major outbreak if they accepts bitcoin.

Apollo11SaturnV

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Someone with a large following should post this on twitter.... and reddit too. I would do it myself but i only got like 12 followers on Twitter and i dont use reddit, but theres a lot of other people that do.

stompix

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Quote from: Eugenar on February 27, 2019, 10:46:19 AM

Right now we can massive adoption in all of industry especially in automotive and business industry.

One dealership is massive?

Quote from: Eugenar on February 27, 2019, 10:46:19 AM

I guess some automotive companies already accept bitcoin and other cryptocurrencies.

You've guessed wrong!!

Quote from: BrewMaster on February 27, 2019, 11:46:51 AM

these things are usually so small and are only limited to some car dealerships not the big companies and not on bigger scale that can matter. and most of them are doing it as a way of promoting their business and make more money by attracting more people to their business. which is why usually these things don't have that much of effect on bitcoin or its adoption.

It's the BMW now accepts Bitcoin as a payment!, once again I just pray it won't end with the same 26 pages of nonsense posted by people who don't bother to read more than the title.

Just so that people have an idea about this massive adoption, the news mentioned 20 dealerships that are accepting BTC in the US. Impressive, if you don't count the fact that there are (according to NADA) 16 000 franchised and 20 000 independent dealerships in the US.
That means less than 0.05% of the dealerships are accepting cryptos.
And probably 1% of the cars they sell are for cryptos.

The bright side....we have a lot of growth to look for Cheesy

awawo

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Quote from: Apollo11SaturnV on February 27, 2019, 03:50:33 AM

Bitcoin Adoption Spreading In The Automotive Industry
https://cryptodaily.co.uk/2019/02/bitcoin-adoption-in-the-automotive-industry-buy-a-car-with-bitcoin

In the article, there is also a directory of licensed car dealerships that accept bitcoin.

Bitcoin adoption is spreading like wildfire in the automotive industry, its worth sharing so more people will know. Its very interesting to see this many authorized car dealerships accept cryptocurrency as a payment method and the list appears to be growing.

Nice information it a great news to see that bitcoin is being adopted by automotive shops for payments on cars and seeing lots of car dealers accepting bitcoin as a means of payments is a great deal for bitcoin and the entire cryptocurrency world this shows that more and more awareness is spreading about bitcoin.

Topic: Bitcoin Adoption Spreading Fast In The Automotive Industry - page 2. (Read 650 times)