Bitcoin Adoption Spreading Fast In The Automotive Industry

[Theb]

Only rich people will pay in this payment method, most of the people buying cars nowadays are undergoing through banks under loan payments. So it's a nice addition but I doubt that most of the people holding cryptocurrencies will buy cars with their crypto right now. What I would like to see instead is for the car parts aftermarket to accept cryptocurrencies as well as people would likely accept the prices in crypto for the car parts.

[Ahsan Aly]

Such a good initiative. This is the right time to utilize Bitcoin in various platforms. But there's something very complicated because bitcoin is not a stable currency it always be in fluctuating situation, then its mean that the price of product which integrated with bitcoin will depend on the BTC price ?

This is the rare point raised by few people. But we hope for the best. And everybody knew that Crypto trend has been placed worldwide.

[Stac]

 The adoption of Bitcoin has spread  widely in the industry of automotive for example Japan ,Los Angeles ,Connecticut .Florida , Georgie .,Canada , Italy ,Canada etc ; are some of the countries that have  car dealership that accepts  Bitcoin .The accepting of Bitcoin is been continued to grow and is spreading to more near by regions .Recently  Bitcoin payment method for other means of transportation in some parts of Argentina, public transport riders use Bitcoin as payment for train and bus fares too .Bitcoin shows positive signs of acceptance in every corner  giving a bright future forwards  Bitcoin .From this we can conclude that Bitcoin has gained popularity within a short period .

[maianh09]

Previously in China, a country with a large number of investors participated in the Cryptocurrency, and some large car garages accepted payment with Bitcoin. Buyers can pay the full cost by Bitcoin depending on a certain number of cars, and for some car, you can only pay up to 20-70% of its value with Bitcoin.

[LogitechMouse]

Buying cars can only be done by rich people at this moment or those who have saved their money for a long time. I'm thinking that these car buyers who are using Bitcoins are those investors also in crypto. Anyway, this small steps are helping Bitcoin and crypto in general into mass adoption. I wish more and more establishments and companies will accept crypto too.

[conected]

Only rich people will pay in this payment method, most of the people buying cars nowadays are undergoing through banks under loan payments. So it's a nice addition but I doubt that most of the people holding cryptocurrencies will buy cars with their crypto right now. What I would like to see instead is for the car parts aftermarket to accept cryptocurrencies as well as people would likely accept the prices in crypto for the car parts.

- This is really great news for those who hold and use bitcoin and crypto because this is a very surprising and positive signal for the future of bitcoin and crypto but I don't think holders will use their bitcoin for buying a car even if the automotive industry accepts. Because as we can see, the development and acceptance of bitcoin and crypto are becoming more popular over time, that means that the value of these assets will increase over time, the demand is too large while the supply is limited, accumulation will bring many benefits and better, buying a car is not an encouraging action

[Johnzky]

Bitcoin Adoption Spreading In The Automotive Industry
https://cryptodaily.co.uk/2019/02/bitcoin-adoption-in-the-automotive-industry-buy-a-car-with-bitcoin

In the article, there is also a directory of licensed car dealerships that accept bitcoin.

Bitcoin adoption is spreading like wildfire in the automotive industry, its worth sharing so more people will know. Its very interesting to see this many authorized car dealerships accept cryptocurrency as a payment method and the list appears to be growing.

As i remember it right,there’s one ICO in 2017 that has been subjective just for automotive and car pooling i dont remember the exact project

Cryptonians believe that every sides of the world needs crypto and automotive is one best way to make good income here,this article proves that people now are engaging to crypto and in just a year that we will see more services that accepts bitcoin and so other currencies

[boyptc]

If I remember correctly, some vehicle sales in Germany could already be paid with BTC. This is just the beginning of development. People will continue to use it in all areas.

Yes you can purchase BMW with bitcoin through Stephen James dealer.

--> https://cryptodaily.co.uk/2018/07/bmw-now-accepts-bitcoin-as-payment/

[Seth2009]

Bitcoin Adoption Spreading In The Automotive Industry
https://cryptodaily.co.uk/2019/02/bitcoin-adoption-in-the-automotive-industry-buy-a-car-with-bitcoin

In the article, there is also a directory of licensed car dealerships that accept bitcoin.

Bitcoin adoption is spreading like wildfire in the automotive industry, its worth sharing so more people will know. Its very interesting to see this many authorized car dealerships accept cryptocurrency as a payment method and the list appears to be growing.

Agree, bitcoin adoption will help it to be more acceptable for othet countries to be known... Bitcoin transactions are more faster than the ordinary one... It is also easy to work out.. This is really a good news.. Having an industry that adopts bitcoin transactions.. Hoefully more merchants will use bitcoin or other cryptocurrencies for future use...

[Apollo11SaturnV]

         It's great news to know that Bitcoin is being adopted in the automotive industry. The automotive industry is one of the most powerful industries. Bitcoin has only to gain as the car industry supports Bitcoin as a means of payment. I'm sure more and more people will choose this method of payment in the future. I think companies that accept Bitcoin have more customers than those who use only fiat coins.

Agreed just imagine how much bitcoin trading volume, car dealership transactions will add to the Bitcoin chart. Cars are not cheap, also another thing to keep in mind is big companies are trusting Bitcoin for large transactions. It takes a lot of trust in the bitcoin network to consider selling a car for bitcoin. This is great news that companies are willing to trust bitcoin for large transactions, keep in mind these are some big dealerships and many of them are when licensed by major manufacturers. Everyonr should also understand, the manufacturers dont need to accept bitcoin. The dealerships is where the cars are sold. No one goes to a factory to buy a car. They go to their local car dealership.

[teejayrichard2]

Bitcoin spreading across all sectors of the economy is no longer a shocking news to me as I continue to see different sectors of the economy adopting its usage every now and then. Just recently J.P Morgan talked about coming out with their own cryptocurrency JPM. I have also heard rumours of samsung and facebook trying to bring out theirs too (though not yet confirmed). The automotive industry is a big industry and I knew it won't take long before they adopt the use of bitcoin. I am glad such thing is happening which is good for the bitcoin community. It goes to show bitcoin growth and adoption is on the increase. More to come sooner than later.

[abojamal]

Bitcoin Adoption Spreading In The Automotive Industry
https://cryptodaily.co.uk/2019/02/bitcoin-adoption-in-the-automotive-industry-buy-a-car-with-bitcoin

In the article, there is also a directory of licensed car dealerships that accept bitcoin.

Bitcoin adoption is spreading like wildfire in the automotive industry, its worth sharing so more people will know. Its very interesting to see this many authorized car dealerships accept cryptocurrency as a payment method and the list appears to be growing.

I love the old English proverb
(Slow but sure)
Let's read more about this kind of news
After a while, adoption will extend from car dealers to automakers.

[Zadicar]

Bitcoin Adoption Spreading In The Automotive Industry
https://cryptodaily.co.uk/2019/02/bitcoin-adoption-in-the-automotive-industry-buy-a-car-with-bitcoin

In the article, there is also a directory of licensed car dealerships that accept bitcoin.

Bitcoin adoption is spreading like wildfire in the automotive industry, its worth sharing so more people will know. Its very interesting to see this many authorized car dealerships accept cryptocurrency as a payment method and the list appears to be growing.

I love the old English proverb
(Slow but sure)
Let's read more about this kind of news
After a while, adoption will extend from car dealers to automakers.

Adoption cant really be stopped and Crypto adoption in car industry is gradually increasing and thats a good news yet it would really be beneficial to those people who are engage with crypto.
Hope that even bigger companies would consider on such adoption too soon.

[shesheboy]

Only rich people will pay in this payment method, most of the people buying cars nowadays are undergoing through banks under loan payments. So it's a nice addition but I doubt that most of the people holding cryptocurrencies will buy cars with their crypto right now. What I would like to see instead is for the car parts aftermarket to accept cryptocurrencies as well as people would likely accept the prices in crypto for the car parts.

Not just rich people but even poor people can also buy a car using a crypto as we all know that most poor people are engage in cryptocurrency . but poor people tend to hodl than spending thier cryptos big time on these kind of stuffs .  but overall this is another good news for us because this event can drive again the adoption  and now its in the car/automotive scene   .  its new to my eyes/ears  anyway   .

[muratsink]

Thank you for your information, not only the automotive industry has adopted BTC, but there are many other large companies and merchants or platform who accept BTC.
1. Expedia, accepts BTC payments using coinbase.
2. Beepi, in 2014, the company of car announced to accept BTC transactions and other digital currencies.
3. WordPress, one of these big platforms, chooses to receive transactions with BTC or other digital currencies.
4. Samsung, and HTC, these two big companies adopted BTC, not only received BTC, but their products supported features for the crypto world. like storing digital assets and mining.

and there are still many large companies that adopt BTC and other digital currencies.

[stompix]

Thank you for your information, not only the automotive industry has adopted BTC, but there are many other large companies and merchants or platform who accept BTC.
1. Expedia, accepts BTC payments using coinbase.

Expedia stopped accepting BTC a year ago:
https://cointelegraph.com/news/confirmed-travel-booking-giant-expedia-has-quietly-removed-bitcoin-payment-option

2. Beepi, in 2014, the company of car announced to accept BTC transactions and other digital currencies.

Beepi is nearly bankrupt:
https://www.wsj.com/articles/beepi-winding-down-after-burning-through-150-million-1487203816

4. Samsung, and HTC, these two big companies adopted BTC, not only received BTC,

Samsung is not accepting cryptos!

Seriously, do a little research before posting!

[Kakmakr]

Honestly, I do not just want to buy a car with Bitcoin. I want to be able to use a built-in Crypto currency wallet into the car to pay for parking fees, when I visit my local Mall or when I park on the street. We have seen a giant move towards a Cash-less society and being able to do this, will definitely push Crypto currency adoption. 

Your new Tesla will stop at the parking and you recharge your battery and pay for the parking with Crypto currencies. <Without having to swap a credit card or buying pre-paid cards> 

[Siren]

Bitcoin Adoption Spreading In The Automotive Industry
https://cryptodaily.co.uk/2019/02/bitcoin-adoption-in-the-automotive-industry-buy-a-car-with-bitcoin

In the article, there is also a directory of licensed car dealerships that accept bitcoin.

Bitcoin adoption is spreading like wildfire in the automotive industry, its worth sharing so more people will know. Its very interesting to see this many authorized car dealerships accept cryptocurrency as a payment method and the list appears to be growing.

There are two major area in which the cryptocurrency specially bitcoin ofcourse And those are

Medical industries and automotive industries

Automotive are one best area to prove that crypto is adoptable worldwide and now this news is best example for that

[kingpin4321]

It quite encouraging to see that the automotive industry is getting the heat of bitcoin.
And this is good for bitcoin adoption in general

[orions.belt19]

Only rich people will pay in this payment method, most of the people buying cars nowadays are undergoing through banks under loan payments. So it's a nice addition but I doubt that most of the people holding cryptocurrencies will buy cars with their crypto right now. What I would like to see instead is for the car parts aftermarket to accept cryptocurrencies as well as people would likely accept the prices in crypto for the car parts.

Not just rich people but even poor people can also buy a car using a crypto as we all know that most poor people are engage in cryptocurrency . but poor people tend to hodl than spending thier cryptos big time on these kind of stuffs .  but overall this is another good news for us because this event can drive again the adoption  and now its in the car/automotive scene   .  its new to my eyes/ears  anyway   .

How are poor people able to buy cars? How will they have the capacity to do so? I think that your logic is kind of twisted. I don't understand how a poor person will be able to engage in cryptocurrency -- how do they have access to the internet?

Obviously, a service like this will be availed by the rich. This will be an additional option for them should they want to choose convenience.

Having this available for the purchase of car parts will be more convenient and I think more people would be interested in this. Should a service center for cars be put with the option of bitcoin or crypto as payment then many crypto users would be more enthusiastic with this. I think that car industries that cater to the upper class should look into this because it's likely that they'll be the ones who would make these kinds of purchases.