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Cryptography like Bitcoin (Cryptography: BTC) and Ethereum (CRYPTO: ETH) We continue to follow the path to mainstream acceptance.
Australia is not completely tilted like Bitcoin is the fiat currency El Salvador, but more and more merchants are allowing customers to pay with Bitcoin, Ethereum, and other major cryptocurrencies.
But when it comes to high-value items like Porsche and other luxury cars, Australians are forced to pay in good old fiat currency.
How to buy Porsche with Bitcoin
Even if your crypto wallet is virtually flooded with Bitcoin, Ethereum, or any of the 30 other cryptos, you can now redeem these tokens for luxury cars at the Melbourne-based Dutton Garage.
Yesterday, the cryptocurrency exchange CoinSpot announced that it would partner with a luxury car retailer to allow Dutton Garage customers to buy vehicles with a wide range of cryptocurrencies.
You can choose to pay the entire Porsche 911 in Bitcoin, or partly in Australian dollars and the rest in the selected cipher.
Gary Howells, Chief Product Officer at CoinSpot, commented on the move, saying:
The partnership between CoinSpot and Dutton Garage symbolizes our commitment to expanding the usefulness of crypto as Australians continue to look for more ways to find the value of crypto investments …
Increasing the usefulness of cryptography is the key to driving mass adoption of what we believe is the future of finance. This partnership is just the beginning of CoinSpot’s ability to facilitate trading in the luxury market.
In response to the company’s acceptance of Bitcoin, Juv Jayaram, Chief Technology Officer of Dutton Group, said, “By working with CoinSpot, customers will be able to access crypto investments and trade in a seamless and transparent manner. It is now. “
How were the top two ciphers executed this year?
The Australian dollar has held up better than Bitcoin and Ethereum this year, while inflation may be biting your cash holdings.
Bitcoin, the world’s largest token by market capitalization, has fallen 8% since January 1, while Ethereum prices have fallen 13%.
Of course, if you drive away a lot of your brand new, cryptocurrency-purchased Porsche, it can also lose its value. At least at first.