Bitcoin Adoption Spreading Fast In The Automotive Industry - page 3.

BeManga

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Quote from: Apollo11SaturnV on February 27, 2019, 02:50:33 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.

that was some good new the adoption of bitcoin is growing faster
i also read some discussion before about mobile company have built in crypto wallet

xuv500

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Some good news are coming across the world about Bitcoin is happy to hear, and yes BTC is inching towards a new generation without any doubt. It's mass adoption and popularity in this community speaks a lot about this coin.

cryptokingdom

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Every organization or manufacturer that intends to expand it horizon will have to integration cryptocurrency into it payment gateway, so the automotive industry accepting bitcoin are on the right track.

baghdatis1990

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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.

Willitivity

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Bitcoin have been in the auto industry on a quite low-key nature for sometime now, in the past we have seen car payments accepted only in BTC. Also, not only the auto industry, in the smartphone sector, it's almost becoming a competition as who will have the best cryptocurrency feature in their phones. It's really getting interesting by the day.

Stedsm

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Don't just keep it to the automotive industry, because Samsung has also announced that it will launch its new flagship smartphone Galaxy S10 with an inbuilt multicryptocurrency-enhanced wallet which will help spread the word to the whole smartphone population who are not so familiar with crypto till now. This shows that adoption is being so quick that things are smoothly getting to reach that mainstream exposure we've all been waiting for, since years.

BrewMaster

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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.

ethereumhunter

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Quote from: tomahawk9 on February 27, 2019, 09:08:54 AM

The article also mentions Ethereum and Litecoin, so it's more like the cryptocurrency adoption is growing.

Wow, so the crypto user has more option to buy a car.

I was amazed to read that article, and he can gather 40 car dealerships that accept crypto payments so yes, cryptocurrency spreading well in the automotive industry. I hope more product can accept cryptocurrency too so the adoption will run well in each country. But unfortunately, we still see the dealerships are in Oklahoma.

kaisa

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Is this news accountable? In terms of profits for dealers, it is not very attractive unless they want to hold bitcoin for a long time. It was bold speculation, but when many automotive companies began to adopt bitcoin or altcoin it meant that they already had very mature calculations.

Accounting87

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I've heard of Formula 1 entering the world of blockchain and crypto

kryptqnick

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I agree with avikz that allowing people to use Bitcoin for purchases is great, but to really understand how the adoption is going we need to see how much this crypto is actually used. I could not find any statistics on car purchases with Bitcoin.
Bitcoin tends to have rather significant transaction fees if we talk about small everyday purchases. Buying a chewing gum and paying the same price for a transaction is just unfair. Moreover, the time of processing transactions makes Bitcoin not very suitable for real-life usage. At the same time, I think it's perfect for purchases of expensive products like cars and houses, so it's natural to see signs of adoption in these areas.

Indamuck

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A lot of the high end dealers with brands like Lamborghini and Ferrari are the ones accepting crypto. It makes sense to go after the wealthy demographic who are more likely to be crypto holders. The dealers accepting crypto will end up doing more business than the ones that don't obviously. Customers may prefer buying with crypto so they don't have to pay taxes by cashing out also.

pawanjain

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It is well known that bitcoin adoption is increasing day by day as more people are getting to know about bitcoin from various sources.
Bitcoin has been famous right from the beginning but the year 2017 was remarkable for bitcoin as it grew tremendously in that year.
It's good to know that bitcoin adoption is increasing and eventually the adoption is going to spread worldwide.
Crypto has evolved so much that the time will come soon when cryptocurrencies will be used for buying daily usage items.

Eugenar

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Right now we can massive adoption in all of industry especially in automotive and business industry. I guess some automotive companies already accept bitcoin and other cryptocurrencies. And, somewhere in the future it totally spread in all part of the countries and it seems in the near future we can see cashless society.

palle11

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This kind of transaction is exactly appropriate for bitcoin and cryptocurrency. Huge financial transactions is more cossy and it takes away the burden off fiat. It is a good adopting story.

Muzika

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Quote from: Apollo11SaturnV on February 27, 2019, 02:50:33 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.

maybe they are now investing to cryptocurrency because if its not the risk is too big, imagine if a single person buys a car and they send a bitcoin after that the price will move. It is a good sign that they are looking forward for the used of cryptocurrency that is why they are open in that situation.

tomahawk9

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The article also mentions Ethereum and Litecoin, so it's more like the cryptocurrency adoption is growing.

On one hand, this is good PR for Bitcoin, it shows the non-believers and whatnot that bitcoin can function very well as form of payment. This will have a snowball effect in the long run, it's a matter of time before other industries begin to adopt bitcoin. On the other hand, I don't think there's a high demand for purchasing cars with btc, but every bit of positive news is welcomed, especially if it's about adoption.

Quintrix

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if these things spread worldwide if all countries had a car dealer accepting Bitcoin then Bitcoin popularity will explode, a car dealership is very popular in almost all countries, I would love to see this happen in my own country and buy my first car with Bitcoin.

gabmen

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Well i've read somewhere that mercedes benz are already trying to utilize blockchain for transactions and with tesla's elon musk giving positive statements about crypto, there's no doubt that the automobile industry would be one of the firsts to maximize this technology. Pretty much, adoption is not far ahead.

MakeMoneyBtc

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Bitcoin is spreading everywhere, not only in the automotive industry. A lot of companies have added bitcoin as a payment method and Samsung has even incorporated bitcoin into one of their products.
Now the problem is, are people really using bitcoin to buy from those companies? If you would like to buy a car for example and you have fiat money would you exchange that for bitcoin and use it to buy the car so this way you can help the market? It's easy for companies to accept bitcoin but it's useless if people do not actually use it.

Topic: Bitcoin Adoption Spreading Fast In The Automotive Industry - page 3. (Read 725 times)