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Author Topic: Crypto and automobile  (Read 631 times)
Wale777
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April 27, 2018, 07:50:50 AM
 #1

I'm just curious when can I start buying my dream cars with altcoins, I mean can huge automobile companies like Toyota, Ford and Nissan start accepting cryptocurrency as means of exchange

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April 27, 2018, 09:10:17 AM
 #2

I'm just curious when can I start buying my dream cars with altcoins, I mean can huge automobile companies like Toyota, Ford and Nissan start accepting cryptocurrency as means of exchange

You can do it today if you have enough BTC,for instance if you live in USA there is some car dealers who will gladly accept your crypto.For Europe it seems to be only one one car dealer in Italy for now,but somehow it seems to me that this information is incorrect.

However it will take some time that payments with cryptocurrency become commonplace practice,maybe in next 5-10 years you will not ask such question Wink

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April 27, 2018, 09:11:39 AM
 #3

Why not? There is exactly what we are waiting for. We need to develop the cryptocurrency's structure. And it will be real someday!
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April 27, 2018, 09:32:50 AM
 #4

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. ... Bitcoin, created in 2009, was the first decentralized cryptocurrency.
Motorized vehicle consisting of four wheels and powered by an internal engine. Automobiles are used to transport people and items from one location to another location.
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April 27, 2018, 09:35:04 AM
 #5

I'm just curious when can I start buying my dream cars with altcoins, I mean can huge automobile companies like Toyota, Ford and Nissan start accepting cryptocurrency as means of exchange

People out there are willing to sell their cars for the bitcoin purpose. So I think it would not be harder for you if your region has plenty of bitcoin lovers. You can juts post ads on the classified you know and can get huge response from them. But thats restrictive of region, where you live and whats the status of bitcoin over there.

As far as these companies are considered, I am sure none of them will be willing to get such payments unless and until government legalises the whole thing. They will never put their reputation on stake if things are not legal. They are big brands and they will be more careful about that rather than getting the money in the form of crypto currency. We might have to wait for this.


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April 27, 2018, 09:36:00 AM
 #6

I'm just curious when can I start buying my dream cars with altcoins, I mean can huge automobile companies like Toyota, Ford and Nissan start accepting cryptocurrency as means of exchange
Probably automobile companies would accept crypto once it has become mainstream and is used as an alternative means to pay, like credit card. It will take at least 4 years for it to happen, so expect paying in crypto to buy your dream car 6 years from now(at least for some countries like Japan, and other countries that legalized crypto and Bitcoin now.

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April 27, 2018, 09:41:04 AM
 #7

The European retail giant Alza has started accepting bitcoin payments, and the next step is to accept altcoins! .

In Alza, you can buy tesla cars with BTC!

Users can buy cars with BTC as if they were living things!
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April 27, 2018, 09:44:19 AM
 #8

I'm just curious when can I start buying my dream cars with altcoins, I mean can huge automobile companies like Toyota, Ford and Nissan start accepting cryptocurrency as means of exchange
Currently several countries have begun to adopt crypto such as bitcoin etc as legitimate payment to buy anything, as the car may be an example. But unfortunately, if you live in a country that limits crypto into your country of residence you will find it hard to buy the car you want using crypto. Big companies like ford basically follow the flow of state government. So, the conclusion is that if a government can adopt crypto as a legitimate payment instrument within the country you can buy anything, including the car you desire.

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April 27, 2018, 10:51:11 AM
 #9

Actually, you can make transactions using bitcoin with the fellow owner of bitcoin savings. So, transactions using bitcoin depend on those who transact with us, because not everyone has bitcoins and understand about cryptocurrency.
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April 27, 2018, 10:55:41 AM
 #10

If you have enough bitcoins in your wallet to buy, then exchange them for dollars and your problem will be solved.
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April 27, 2018, 10:59:53 AM
 #11

The European retail giant Alza has started accepting bitcoin payments, and the next step is to accept altcoins! .

In Alza, you can buy tesla cars with BTC!

Users can buy cars with BTC as if they were living things!

Tesla car, well not so bad ! Now , we can buy lots of thing with bitcoin, I guess it will become more and more common as a way of payment. I see that in Spain, you can also buy houses in bitcoin.

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carlisle1
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April 27, 2018, 11:02:04 AM
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I'm just curious when can I start buying my dream cars with altcoins, I mean can huge automobile companies like Toyota, Ford and Nissan start accepting cryptocurrency as means of exchange
you cant do it using altcoins,because for sure no companies or establishments that accepts other coins than bitcoin,better convert your altcoins to bitcoins and then buy your dream cars,it doesnt need to be the company itself whos you need to buy,you can use third party to do it for you if only having enough amount to purchase

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April 27, 2018, 11:07:28 AM
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Nowadays Japan really active in the crypto market. I think, that you want to buy Japanese car by crypto, it will be true in next few years
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April 27, 2018, 11:44:30 AM
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depending on where do you live in which state? whether the state has adopted crypto or not? some countries have adopted bitcoin and made it a legitimate transaction tool. now it's useless, if your own country can not accept bitcoin as a means of payment. if all countries adopt bitcoin, anything we want will be very easy to have.

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April 27, 2018, 05:36:47 PM
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Perhaps, such big companies will also begin to accept cryptocurrencies as payment
Though some people already have bought apartments, houses and cars for cryptocurrency
Present, in 3 years you will be able not only to buy the car of our dream for cryptocurrency, but this car will mining own cryptocurrency, we will allow toyota coin on which you will refuel or change oil on the technical station

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April 27, 2018, 05:54:18 PM
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I'm just curious when can I start buying my dream cars with altcoins, I mean can huge automobile companies like Toyota, Ford and Nissan start accepting cryptocurrency as means of exchange
you cant do it using altcoins,because for sure no companies or establishments that accepts other coins than bitcoin,better convert your altcoins to bitcoins and then buy your dream cars,it doesnt need to be the company itself whos you need to buy,you can use third party to do it for you if only having enough amount to purchase

I have seen retailers accept ETH and LTC as payment, so you're not entirely correct. Well, not in car sales (yet), but eventually this will happen.
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April 27, 2018, 06:00:39 PM
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I'm just curious when can I start buying my dream cars with altcoins, I mean can huge automobile companies like Toyota, Ford and Nissan start accepting cryptocurrency as means of exchange
You can pretty easily do that today. All what you need is a dealer. With the increased awareness, more people have stepped into crypto market. You can easily find dealers.

Regarding big companies accepting Bitcoin. It will take more years before it actually becomes a reality. With $400 billion mcap, cryptocurrencies haven't entered a mature phase for these companies to take it seriously. Companies are definitely counting upon cryptocurrencies and blockchain.  But most of them are at R&D level.

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April 27, 2018, 07:26:45 PM
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I'm just curious when can I start buying my dream cars with altcoins, I mean can huge automobile companies like Toyota, Ford and Nissan start accepting cryptocurrency as means of exchange

You can do it today if you have enough BTC,for instance if you live in USA there is some car dealers who will gladly accept your crypto.For Europe it seems to be only one one car dealer in Italy for now,but somehow it seems to me that this information is incorrect.

However it will take some time that payments with cryptocurrency become commonplace practice,maybe in next 5-10 years you will not ask such question Wink
I hope in the next 5 years I will be able to exchange my crypto-coins from lamborghini manufacturers for their car Cheesy
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April 27, 2018, 07:33:45 PM
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I'm just curious when can I start buying my dream cars with altcoins, I mean can huge automobile companies like Toyota, Ford and Nissan start accepting cryptocurrency as means of exchange

Buying them with altcoins is no different from buying it on fiat in terms of pricing as generally, price will just be the same once payment settled. Well the advantage is, no need to withdraw lots of fiat so a less hassle. You can also consider finding a second hand and proposed a crypto payment. Who knows the seller knows cryptos too and since it's second hand, you can buy on it cheap. Just tell them the honest issue of the said vehicle.

But before dreaming on that, work hard first to achieved lots on your stash as even car companies will start accepting cryptos as payment method, if you don't have enough then it's not making sense.

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April 27, 2018, 09:24:10 PM
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I think, that with such popularization of bitcoin and other cryptocurrencies in general, it might happen in near future. Even now in some countries you already can easily buy automobile using bitcoins. And I think most of the dealers will like to accept most stable cryptocurrencies now, you should just ask them.
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