Aviatrade accepting BTC as payment for $40 million Gulfstream private jet

[Jating]

~snip~

There are people for whom this is not a large amount (around 385 BTC), and we are talking about those who mined in the first 4 years when the reward per block was as much as 50 BTC - so just one block per day makes 1500 BTC per month. It’s also not just a matter of someone not wanting to spend their BTC, but maybe the point is more that they don’t want to compromise their safety or maybe pay taxes.

There are thousands of sellers who accept BTC as a means of payment, but people don't really use it - but you probably mean some big players like Amazon, which again wouldn't mean that everyone will pay with BTC even if it becomes available.

Unless those early miners really hold on their bitcoin, because I'm guessing they already sold off when the price hits $300 or even $1k as they really don't expect it to grow this big.

The thing though with this luxuries (cars, yacht and in this case luxury jets) is that you also need to take care of them, so maintenance is a must. And perhaps a couple of millions again every month, so I think only billionaires could really afford such luxuries in life.

[goldade]

This is a great news for the crypto community. This shows that Bitcoin is gradually gaining adoption in the mainstream world. I could remember there was a time bitcoin could not be used for any purchases but now can even be used to buy luxury goods.
Aviatrade accepting BTC will help to further increase the adoption of of bitcoin in the mainstream world. When people realize they can even purchase luxuries with bitcoin, they'll trust it and eventually adopt it as a currency for payment of goods and services

[milewilda]

~snip~

There are people for whom this is not a large amount (around 385 BTC), and we are talking about those who mined in the first 4 years when the reward per block was as much as 50 BTC - so just one block per day makes 1500 BTC per month. It’s also not just a matter of someone not wanting to spend their BTC, but maybe the point is more that they don’t want to compromise their safety or maybe pay taxes.

There are thousands of sellers who accept BTC as a means of payment, but people don't really use it - but you probably mean some big players like Amazon, which again wouldn't mean that everyone will pay with BTC even if it becomes available.

Unless those early miners really hold on their bitcoin, because I'm guessing they already sold off when the price hits $300 or even $1k as they really don't expect it to grow this big.

The thing though with this luxuries (cars, yacht and in this case luxury jets) is that you also need to take care of them, so maintenance is a must. And perhaps a couple of millions again every month, so I think only billionaires could really afford such luxuries in life.

Its understandable that you would be considered rich if you do able to purchase these luxury thing and maintenance cost? Its already part of the consideration before you do make such decision on buying it.
Its impossible that you wont just think of it before you do buy some stuffs if you do able to maintain it when it comes to those repairs and other things.Its good to see that big companies now are
trying to adapt and accept crypto into their payment which is an advantage for those crypto users who do tend to purchase such luxury things but i doubt that people who had tons of coins
will waste up and rather use fiat instead directly.

[pixie85]

Billionaires have a very different mindset than the common people. They usually don't exchange a potentially profitable asset against a depreciating asset. Bitcoin has a very high profitability potential whereas the private jet will only depreciate in value over time.

I am sure no billionaire will buy this private jet using bitcoin as a medium of exchange. They would rathe use cash from their bank account.

You're right it's a very dumb way to spend money. Even if you had millions of dollars having a jet is not like having a car. You can't put it in a garage and drive it on Sundays.

A jet has to be stationed and fueled at an airfield. They charge a lot of money for this. You need pilot license that costs a lot of money and you need maintenance checks. Washing a Jet is not like washing a car same as changing wheels or any other parts when they break. You need to go through a checkup every time something is fixed so that your plane won't blow up in the sky and rain fire on some town.

You will spend a million usd on a plane and another million in bills over the next few years.

[MCobian]

This is interesting news and definitely has a lot of media coverage, although not many people can afford a Gulfstream private jet.
But this news has gone viral everywhere, and this information comes from reliable sources. So it will increase investors trust in Bitcoin.
So this is a positive thing for the promotion of Bitcoin, although actually I would prefer companies or merchants that accept payments of
around $ 1- $ 1000, which is more affordable for many people. So mass adoption can really happen.

[(o)(o)ilikeboobs(o)(o)]

Perhaps the company has too much FIAT money and is looking to diversify its asset portfolio by accepting Bitcoin as a payment method. Other large businesses may pay more attention to bitcoin and accept it as Aviatrade does today. Great news for the bitcoin and crypto community.

[imstillthebest]

Perhaps the company has too much FIAT money and is looking to diversify its asset portfolio by accepting Bitcoin as a payment method.

i didnt know that fiat is now an asset . almost any business can accept btc and when i say almost any , that includes big and small.

 its not about the money how much they have but its the passion or love for it , these people are like us and wants to help the awareness of cryptos . this is also an easy way for them to acquire btc and they can save fees than compare to buying a btc online  .

[wanted sliter]

It seems that the influence of bitcoin has reached corporations and companies. Microstrategy recently purchased $ 175 million in Bitcoin to add to its fund, and Aviatrade is now accepting bitcoin payments. It is possible that bitcoin is the current trend of the whole market, not only investors, institutional investors but also large companies that are accepting bitcoin and maybe they will hoard bitcoins in the long term.

https://thenextweb.com/hardfork/2020/09/16/satoshi-nakaboto-microstrategy-buys-another-175m-in-bitcoin/

[kryptqnick]

Aviatrade just introduced a new payment platform for its aircraft inventory allowing buyers to pay with any kind of cryptocurrency and the first plane available for purchase with the virtual money is a Gulfstream G650ER that just came on the market. The six-year-old plane has spent time in New Zealand and Asia but is now returning to its birthplace at Gulfstream's headquarters in Savannah, Georgia as it undergoes routine inspections and awaits a new owner.

https://www.businessinsider.com/gulfstream-g650er-can-be-bought-with-bitcoin-for-40-million-2020-9

So Aviatrade is willing to accept BTC as payment for this luxurious Gulfstream G650ER, with notable owners like Jeff Bezos and Elon Musk. It will be interesting to hear as whether some whales are willing to purchase or even big time gamblers or billionaires willing to buy it in BTC.

This is a very narrow use case of Bitcoin, and surely Bitcoin could be accepted more largely as a payment for flight tickets. They are usually quite costly (okay, maybe it's not a great option for lowcosters, but it's fine for others), so even when Bitcoin fees are around a few dollars, it's a fine deal. I am not sure if Bitcoin accepted in cafes or in supermarkets can make sense in the future, but average cost plane tickets are expensive enough for the fees not to matter, and buying a ticket is usually something people do in advance, so the transaction does not have urgency.

[(o)(o)ilikeboobs(o)(o)]

Perhaps the company has too much FIAT money and is looking to diversify its asset portfolio by accepting Bitcoin as a payment method.

i didnt know that fiat is now an asset . almost any business can accept btc and when i say almost any , that includes big and small.

 its not about the money how much they have but its the passion or love for it , these people are like us and wants to help the awareness of cryptos . this is also an easy way for them to acquire btc and they can save fees than compare to buying a btc online  .

FIAT is considered a stable asset, man. It helps companies or corporations maintain stability and flexibility when making any investment deal.
I don't think multibillion-dollar corporations love crypto. They only love money and they will do whatever they can to make a profit. Bitcoin could be the new target they are aiming for.

[glowing10]

I'm not sure that many people can afford such expenses. Rather, this is a publicity stunt, and it is unlikely that anyone will take advantage of this opportunity.

Highly seems to be marketing gimmick and do not anticipate that finally if the deal happens it would happen via bitcoin payment. But if the news yields any positive assurances among the people in the world than it is better as bitcoin will continue to remain in the main steam for longer period of time and this may have some impact as well in people with regards to buying bitcoin.

[Gozie51]

There was a time bitcoin was not accepted in the world, but gradually because of bitcoin decentralized nature, people were able to accept it many years ago, and after its first trade in 2010, the rate of its adoption increased. This kind of news do surprise before before but not anymore because bitcoin is now known world wide. The best we can only expecting is that bitcoin will be more used in the world. There are many countries and organizations that are now friendly to bitcoin. Bitcoin has been the promising future coin.

The growing rate of bitcoin use is getting all the place. You are right to say it wasn't much in use earlier. Most countries are now into blockchain education because of the bitcoin revelation.