A Billionaire Trades Luxury Car for Bitcoins

Recently the news popped up stating how a luxury car retailer of Houston, Texas became the first Bentley, Bugatti, and Rolls-Royce Dealership Company in the United States to accept cryptocurrency as the payment for the cars. According to the latest update, the Oak Motor Cars, owned by Tilman Fertitta, Houston Rockets Billionaire announced that he will now accept bitcoin as well as bitcoin cash as the payment for the luxury cars.
Fertitta made it clear that this decision on accepting crypto is based on his motto of enhancing the experience of the customers. For this, they have partnered up with the “Bitpay” as their payment processor. Last year, Fertitta made to the news when he purchased the NBA team Houston Rockets after spending the US $2.2 billion.

Cryptocurrency needs to be insured!

Following up, Fertitta also mentioned that there is still one loose end from the side of the US facilities. He mentioned that it is vital that the US Federal Deposit Insurance Corporation should work on ensuring the cryptocurrencies. He also mentioned how if FDIC insures cryptocurrency the adoption rate will increase evidently.

Fertitta stated and we quote –

“The rising of bitcoin sparked my interest. Being a premier luxury car dealer, I always want to offer my customers the very best buying experience and this partnership will allow anyone around the world to purchase our vehicles faster and easier”.
Before we end this article here, let us clear this that Fertitta is not the only person in the NBA team to be interested in cryptocurrencies. In fact, earlier this year, Mark Cuban who owns Dallas Mavericks mentioned that the basketball team would soon start accepting bitcoin for the purchase of tickets for the upcoming season. It seems like cryptocurrency is fetching the interest of many people around the globe.

Related News

BCT – Bridging hedge funds and cryptocurrency with the help of blockchain

Questions about security and regulation have been big pains for the blockchain industry since day one and prevented many institutional

Read-more

Use Secure and Private ProtonMail for Bitcoin

Users who truly care about their privacy online will find a new offer from Proton Technologies AG an attractive option. ProtonMail is an email

Read-more

Bithost.io Now Enables Cryptocurrency Payments for VPS by DigitalOcean, Linode, and Hetzner

The relatively new entrants DigitalOcean and Linode, a popular virtual private server (VPS) providers, have been formidable

Read-more

Ookla Rolls Out a VPN In Its Speedtest App

Ookla, one of the most popular network speed testing services, is expanding into the virtual private network space with the launch of its new mobile VPN. Speedtest, the company’s flagship service, is one of the most accurate

Read-more