🚨 Time is Running Out: Reserve Your Spot in the Lucky Draw & Claim Rewards! START NOW
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

New
Video Courses
Video Courses
Deprecated
Scale your career with online video courses. Dive into your learning adventure!
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

New
Video Courses
Video Courses
Deprecated
Scale your career with online video courses. Dive into your learning adventure!

CoinSpot and Australia's Dutton Garage to Accept Crypto Payments for Luxury Cars

CoinSpot and Australia's Dutton Garage to Accept Crypto Payments for Luxury Cars

Aussies will now get a chance to choose from a range of luxurious cars and pay with cryptocurrencies.

As digital assets gain mainstream adoption, retail companies are more keen to accept cryptocurrencies as a legitimate and safe form of payment.

Based on a news report by Australian Fintech, one of the largest crypto exchanges in Australia CoinSpot has signed an agreement with a local car dealership Dutton Garage to offer its variety of classic and luxury automobiles for crypto like Bitcoin and Ethereum.

DEX vs CEX: Which is Best for YOU? (Explained with Animation)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

DEX vs CEX: Which is Best for YOU? (Explained with Animation)

DEX vs CEX: Which is Best for YOU? (Explained with Animation) DEX vs CEX: Which is Best for YOU? (Explained with Animation)

With the partnership deal, the two companies expect to suffice the ongoing demand for digital asset payments in Australia as it is significantly more proggressive towards crypto regulation and adoption than most countries.

Chief Product Officer at CoinSpot Gary Howells spoke on the partnership with the local car dealership, stating:

"With Web 3.0, digital currencies are becoming more than just stores of value, and instead, legitimate ways to purchase big-ticket items, whether that’s a Bored Ape NFT (non-fungible token) via CoinSpot’s NFT marketplace or buying a Porsche 911 with Bitcoin from Dutton Garage."

CTO at Dutton Group Juv Jayaram supported the statement by Howells, highlighting the importance of customers being able to pay in crypto, and transact with the dealership in a "seamless and transparent manner."

However, buying cars via crypto from the Dutton Garage isn’t as simple as a one-click purchase, which is, obviously, for the safety of the buyer. Customers must contact the dealership’s representative who will coordinate the acquisition through the CoinSpot exchange.

Elon Musk’s Tesla has previously offered payments in Bitcoin for electric cars. However, the offer was discontinued due to concerns about Bitcoin mining and its impact on the environment.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

Loading...
binance
×
Verified

$600 WELCOME BONUS

Earn Huge Exclusive Binance Learners Rewards
Rating