Topic: How soon will automakers start accepting crypto for there payments - page 2. (Read 624 times)
July 26, 2018, 12:03:23 AM
If this people can be accepting crypto payment it will be great to cryptosystem. However, it is a dream come through if such things started with them. I have heard that some set of people now accept crypto but I don't know how really it is now. I can not wait to see this dream realizes.
July 25, 2018, 06:06:06 PM
Didn't know if some company was accepting bitcoin as a payment way because 2 years ago people were dreaming it. On another hand, why to pay with bitcoins? Isn't it very risky? One mistake in adress or etc and your bitcoins are lost + you can't get bitcoins back. Also as you see, old people don't know much about bitcoin + don't trust this, to my mind it's the reason why bitcoin isn't accepted by autodealers because there is almost zero demand.
July 25, 2018, 05:55:09 PM
very soon. autoblock ico in uk already got plenty of second hand dealerships waiting for the mainnet launch.
We are really growing now and for sure this is not the first place for this kind of business who accepts cryptos as mode of payment. I know this will happen in time, so for now better to use your fiat money and hold on your cryptos it will become more valuable soon. July 25, 2018, 09:17:57 AM
Many car manufacturers in Japan have accepted the payment method of cryptocurrency!
Samsung stores are also accepting cryptocurrencies, and BMW cars are beginning to accept cryptocurrencies!
The payment method of cryptocurrency has gradually been recognized by people, and the payment method of cryptocurrency will become the mainstream payment method in the future!
Samsung stores are also accepting cryptocurrencies, and BMW cars are beginning to accept cryptocurrencies!
The payment method of cryptocurrency has gradually been recognized by people, and the payment method of cryptocurrency will become the mainstream payment method in the future!
July 25, 2018, 03:11:58 AM
This has been my concern here in my own country Nigeria. No auto dealers or automakers has ever accepted any crypto particularly BTC for purchase payments
All over the world and every sector of the economy, the continued acceptance of bitcoin for transaction purposes continues to happen. This influence depends largely on the environment the business is operating. I don't expect an entrepreneur to go and spend huge amount of money on having a POS machine, when the majority of those that patronize his business deals with cash and don't even have bank accounts.
The reason why it seems the businesses operating in the automobile industry in Nigeria are yet to fall in line is because even their clients have not fully harness the potential of blockchain where majority of their transactions is still being done through banks enable channels. In the future, it is expected that this will change depending on other factors that might either work for or against such penetration.
July 25, 2018, 12:58:45 AM
This has been my concern here in my own country Nigeria. No auto dealers or automakers has ever accepted any crypto particularly BTC for purchase payments
I think that merchants will not accept crypto currency soon. Now most governments are trying to get away from cash and switch to paying by cards to control all cash flows. When paying for crypto currency, governments will not be able to exercise control. July 24, 2018, 12:40:51 PM
In my country Vietnam, cryto is not banned but it is not allowed to conduct any purchases not by VND and may be committed crime if do so. 
July 23, 2018, 07:08:31 AM
This has been my concern here in my own country Nigeria. No auto dealers or automakers has ever accepted any crypto particularly BTC for purchase payments
I am certain that it wont be a big concern for all Nigerians in general because there are almost no Nigerians who would be willing to buy a car using cryptocurrencies. There might not even be enough cryptocurrency users everywhere in the first place lol.
July 22, 2018, 02:45:18 PM
Time will come that your country in Nigeria will have a automakers can accept bitcoin. But as of now,if you are really want to buy a car,why you don't try to convert your bitcoin into dollars,where you can buy any car that what you want to have own.
That's what I already mentioned above. Automakers and auto service related projects are came to the market already. We do not take all these in mind go see the bitcoin not get accepted and all.
To speak the truth from comparing two years back to now. There is gradual growth in the marketplace and even the acceptance of bitcoin as increased.
July 22, 2018, 12:52:49 PM
If you are talking about brand new cars, the problem for the dealer is that they have to pay the manufacturer in fiat, so taking bitcoin etc will impact their cash flow, in addition they have to stand the rate of exchange risk. It may be easier for a secondhand car dealer to take crypto. I believe the only manufacturer who will accept BTC is Tesla, but I may be wrong.
Another problem is that most car dealers earn more by being nothing more than banks than by actually selling cars, the car industry has earned more money through loans than through selling cars and bitcoin is not going to help them get richer because not only you will have to pay the car in full but they will not get benefits of selling that car with a loan, in this scenario they are the ones obtaining less profits and getting all the risk and business do not work like that.I'm sure it will not be a big concern for all
In general, almost no one is willing to buy a car using electronic money. There may not even be enough people using electronic money everywhere in the place.
July 22, 2018, 04:22:12 AM
Time will come that your country in Nigeria will have a automakers can accept bitcoin. But as of now,if you are really want to buy a car,why you don't try to convert your bitcoin into dollars,where you can buy any car that what you want to have own.
July 20, 2018, 10:23:56 AM
This has been my concern here in my own country Nigeria. No auto dealers or automakers has ever accepted any crypto particularly BTC for purchase payments
Dude the below coin will answer you. Get into the link. VLB.
https://bitcointalksearch.org/topic/annico-vlb-the-ultimate-blockchain-fuel-for-the-vehicle-lifecycle-industy-2325725
Dealing with auto industry to the benefits of individual and business. Save hundreds of thousands of jobs in the auto industry, while making cars safer and more reliable, without the long-term anticipation of automation. So crypto is far beyond our imagination. Crypto has almost entered into every induatry almost.
July 20, 2018, 09:22:24 AM
The point is these are businesses that are very particular about the profits they make,they won't want to mess around with that.The volatility of cryptos make them distasteful for many businesses at the moment.Im sure with time most will start accepting cryptospace until then let Fiat lead the way
Instead of general you are share the particular information about the good sites which accepts the bitcoin and altcoins so far.
I see the many projects are creating the ICO in the marketplace and embedding the payment API on the website.
VLB and some Singaporian project has been open up a ICO and website to deal the auto parts and car dealing mate.
July 20, 2018, 09:00:39 AM
If you are talking about brand new cars, the problem for the dealer is that they have to pay the manufacturer in fiat, so taking bitcoin etc will impact their cash flow, in addition they have to stand the rate of exchange risk. It may be easier for a secondhand car dealer to take crypto. I believe the only manufacturer who will accept BTC is Tesla, but I may be wrong.
Another problem is that most car dealers earn more by being nothing more than banks than by actually selling cars, the car industry has earned more money through loans than through selling cars and bitcoin is not going to help them get richer because not only you will have to pay the car in full but they will not get benefits of selling that car with a loan, in this scenario they are the ones obtaining less profits and getting all the risk and business do not work like that. 
July 20, 2018, 07:24:36 AM
Craigslist has recently introduced a "crypto currency ok" tab to filter search results for cars and trucks offered for sale using their service. I think they also support some regions of africa, although I don't know if nigeria is supported.
There are concerns over a looming subprime car bubble in parts of the world. I imagine crypto will be more widely supported as a means of boosting car sales for dealers and manufacturers who could see sales plummet as consumers have increasing difficulty paying off car loans. Governments and the private sector could turn to bitcoin and crypto currencies in the future to ward off negative consequences associated with fiat overprinting. It could in turn boost retail support for bitcoin, we shall see.
There are concerns over a looming subprime car bubble in parts of the world. I imagine crypto will be more widely supported as a means of boosting car sales for dealers and manufacturers who could see sales plummet as consumers have increasing difficulty paying off car loans. Governments and the private sector could turn to bitcoin and crypto currencies in the future to ward off negative consequences associated with fiat overprinting. It could in turn boost retail support for bitcoin, we shall see.
July 20, 2018, 05:55:55 AM
I think that at least the price of BTC will be stabilized, and no entity will be willing to accept a price fluctuation!
July 20, 2018, 02:24:24 AM
This has been my concern here in my own country Nigeria. No auto dealers or automakers has ever accepted any crypto particularly BTC for purchase payments
I think that merchants will not accept crypto currency soon. Now most governments are trying to get away from cash and switch to paying by cards to control all cash flows. When paying for crypto currency, governments will not be able to exercise control. 
July 19, 2018, 10:14:41 PM
This has been my concern here in my own country Nigeria. No auto dealers or automakers has ever accepted any crypto particularly BTC for purchase payments
I am certain that it wont be a big concern for all Nigerians in general because there are almost no Nigerians who would be willing to buy a car using cryptocurrencies. There might not even be enough cryptocurrency users everywhere in the first place lol.
July 19, 2018, 09:22:42 PM
The point is these are businesses that are very particular about the profits they make,they won't want to mess around with that.The volatility of cryptos make them distasteful for many businesses at the moment.Im sure with time most will start accepting cryptospace until then let Fiat lead the way
July 19, 2018, 02:38:08 PM
This has been my concern here in my own country Nigeria. No auto dealers or automakers has ever accepted any crypto particularly BTC for purchase payments
Is that really a problem? There are countries that crypto is widely known but still don't have auto dealers that accepts crypto. I don't know how big deal it was and now considered as a concern in your country.
People there used to pay with your usual payment system so I don't see it's a problem if you will continue to do that system since it will take lots of factors before a company, not just for an automakers to accept crypto as their payment method. It's not an easy implementation because there will be a considerations.
Jump to: