The world of cryptocurrency now comes to the automotive segment. Stephen James BMW, a BMW and MINI car dealership based in London and Kent, United Kingdom, has just announced that it will start taking Bitcoin as currency for future BMW purchases.
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The tweet made on July 5th, 2018 goes as follows:
Stephen James is now accepting Bitcoin for the purchase of your new BMW! Contact us today to find out more about how you can use Bitcoin to walk away with a brand new vehicle #bitcoin #bitpay pic.twitter.com/qN1Bq5Juc1
— Stephen James BMW (@SJBMWGroup) July 5, 2018
The announcement also reveals that the car dealership will be working alongside BitPay, a global platform that accepts Bitcoin payments, whether it entails retail, ecommerce, billing purposes and more.
With the growing influence that virtual currencies had in the market, new companies are starting to accept this famous cryptocurrency for products and services, so it’s only natural that the automotive industry will accept new form of payment as well. And one shouldn’t forget the famous phrases about people buying Lamborghinis have been used systematically during the last bull market at the end of 2017.