With so much progress and mainstream success, even the car companies and dealerships are now ready to adopt Bitcoin (BTC). There used to be a team when one would hardly find a platform where they could make payments through cryptocurrencies. However, the situation has completely changed and the majority of the sectors in the developed countries are now adopting cryptocurrencies.
The recent development in the cryptocurrency universe is that now car dealerships are also getting a hang of Bitcoin (BTC). The rumors have been confirmed by one of the luxury car dealerships from Nevada.
The luxury car dealership has confirmed that they are now seeing significant growth in their customers who are now Bitcoin (BTC) oriented. There are many customers turning up with Bitcoin (BTC) to make payments for the cars or modifications that acquire through the luxury car dealership.
This goes onto show how far the cryptocurrency industry and most importantly, Bitcoin (BTC) has gotten with respect to adoption and holdings.
The Vegas Auto Gallery from Las Vegas (Nevada) has recently shared some stats around the adoption of Bitcoin (BTC) among its customers. The Vegas Auto Gallery is known for having an inventory of high-end vehicles that include Lamborghini, Aston Martin, Ferrari, and Bentley.
The Vegas Auto Gallery confirmed that it recently welcomed two customers that bought two sports cars from their gallery. Altogether, these customers spent more than $6 million to buy sports cars and paid in Bitcoin (BTC).
Even the Wall Street Journal published the statement in its reports that were made by the owner of the Vegas Auto Gallery ‘Nick Dossa’. The Vegas Auto Gallery’s owner confirmed that their dealership’s 3% to 5% annual revenue comes from the transactions that are made through Bitcoin (BTC).
The gallery has confirmed that it does not accept Bitcoin (BTC) through the direct medium. It is accepted Bitcoin (BTC) payments through the BitPay platform, which is a third party payment solution. BitPay is popularly known for converting Bitcoin (BTC) payments into USD the moment they are received by the recipient.
The owner of the gallery Nick Dossa confirmed that they charge a 1% processing fee for all purchases made through Bitcoin (BTC). He confirmed that the 1% processing fee is what BitPay charges for processing the transactions.
Dossa assured that their firm is exposed to no risks or harms for accepting payments in Bitcoin (BTC). He confirmed that they have not faced any problems with Bitcoin (BTC) transactions and commended that the process is quite simple.
When it comes to Bitcoin (BTC), BitPay has turned out to be one of the biggest supporters of Bitcoin (BTC). Through its platform, BitPay has provided Bitcoin (BTC) with a tremendous amount of exposure among the merchants and users that use the platform.