Bitcoin Adoption Spreading Fast In The Automotive Industry

[Indamuck]

A lot of the high end dealers with brands like Lamborghini and Ferrari are the ones accepting crypto.  It makes sense to go after the wealthy demographic who are more likely to be crypto holders.  The dealers accepting crypto will end up doing more business than the ones that don't obviously.  Customers may prefer buying with crypto so they don't have to pay taxes by cashing out also.

[kryptqnick]

I agree with avikz that allowing people to use Bitcoin for purchases is great, but to really understand how the adoption is going we need to see how much this crypto is actually used. I could not find any statistics on car purchases with Bitcoin.
Bitcoin tends to have rather significant transaction fees if we talk about small everyday purchases. Buying a chewing gum and paying the same price for a transaction is just unfair. Moreover, the time of processing transactions makes Bitcoin not very suitable for real-life usage. At the same time, I think it's perfect for purchases of expensive products like cars and houses, so it's natural to see signs of adoption in these areas.

[Accounting87]

I've heard of Formula 1 entering the world of blockchain and crypto

[kaisa]

Is this news accountable? In terms of profits for dealers, it is not very attractive unless they want to hold bitcoin for a long time. It was bold speculation, but when many automotive companies began to adopt bitcoin or altcoin it meant that they already had very mature calculations.

[ethereumhunter]

The article also mentions Ethereum and Litecoin, so it's more like the cryptocurrency adoption is growing.

Wow, so the crypto user has more option to buy a car.

I was amazed to read that article, and he can gather 40 car dealerships that accept crypto payments so yes, cryptocurrency spreading well in the automotive industry. I hope more product can accept cryptocurrency too so the adoption will run well in each country. But unfortunately, we still see the dealerships are in Oklahoma.

[BrewMaster]

these things are usually so small and are only limited to some car dealerships not the big companies and not on bigger scale that can matter. and most of them are doing it as a way of promoting their business and make more money by attracting more people to their business. which is why usually these things don't have that much of effect on bitcoin or its adoption.

[Stedsm]

Don't just keep it to the automotive industry, because Samsung has also announced that it will launch its new flagship smartphone Galaxy S10 with an inbuilt multicryptocurrency-enhanced wallet which will help spread the word to the whole smartphone population who are not so familiar with crypto till now. This shows that adoption is being so quick that things are smoothly getting to reach that mainstream exposure we've all been waiting for, since years.

[Willitivity]

Bitcoin have been in the auto industry on a quite low-key nature for sometime now, in the past we have seen car payments accepted only in BTC. Also, not only the auto industry, in the smartphone sector, it's almost becoming a competition as who will have the best cryptocurrency feature in their phones. It's really getting interesting by the day.

[baghdatis1990]

         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.

[cryptokingdom]

Every organization or manufacturer that intends to expand it horizon will have to integration cryptocurrency into it payment gateway, so the automotive industry accepting bitcoin are on the right track.

[xuv500]

Some good news are coming across the world about Bitcoin is happy to hear, and yes BTC is inching towards a new  generation without any doubt. It's mass adoption and popularity in this community speaks a lot about this coin.

[BeManga]

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.

that was some good new the adoption of bitcoin is growing faster
i also read some discussion before about mobile company have built in crypto wallet

[awawo]

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.

Nice information it a great news to see that bitcoin is being adopted by automotive shops for payments on cars and seeing lots of car dealers accepting bitcoin as a means of payments is a great deal for bitcoin and the entire cryptocurrency world this shows that more and more awareness is spreading about bitcoin.

[stompix]

Right now we can massive adoption in all of industry especially in automotive and business industry.

One dealership is massive?

I guess some automotive companies already accept bitcoin and other cryptocurrencies.

You've guessed wrong!!

these things are usually so small and are only limited to some car dealerships not the big companies and not on bigger scale that can matter. and most of them are doing it as a way of promoting their business and make more money by attracting more people to their business. which is why usually these things don't have that much of effect on bitcoin or its adoption.

It's the BMW now accepts Bitcoin as a payment!, once again I just pray it won't end with the same 26 pages of nonsense posted by people who don't bother to read more than the title.

Just so that people have an idea about this massive adoption, the news mentioned 20 dealerships that are accepting BTC in the US. Impressive, if you don't count the fact that there are (according to NADA) 16 000 franchised and 20 000 independent dealerships in the US.
That means less than 0.05% of the dealerships are accepting cryptos.
And probably 1% of the cars they sell are for cryptos.

The bright side....we have a lot of growth to look for

[Apollo11SaturnV]

Someone with a large following should post this on twitter.... and reddit too. I would do it myself but i only got like 12 followers on Twitter and i dont use reddit, but theres a lot of other people that do.

[eaLiTy]

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.

It is always a positive thing to see that merchants are accepting bitcoin as well as other coins for transaction and the automotive industry is taking full advantage to attract crypto investors to get the deal done and it is a good move by them and now majority of the major merchants in US are accepting bitcoin and hopefully we will see that globally, looks like we have to push Jeff Bezos so that amazon starts accepting bitcoin. with their market spreading throughout the world it will be a major outbreak if they accepts bitcoin.

[mapanlah]

the automotive industry really needs payment instruments that are global in nature, so adopting the bitcoin currency as a payment tool is the right choice. if an industry wants to keep abreast of technological developments from supply devices, it must be willing to open opportunities for payment methods to use crypto currencies. I hope this method will be followed by many other industries that are also global in nature.

[CarnagexD]

Its never surprising since blockchain is really the future of money. You can integrate blockchain in any industry as long as there will be financing system, and this will be an eye opener for those who STILL think that bitcoin is a scam. This will lead to a more innovative adaptations on different industry like medical and online businesses.

[gilangIDR]

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.

Some industries such as automotive have become one of the big markets in cryptocurencies. The automotive market has a good sophistication because it continues to develop every year. This makes some car dealers try to apply Bitcoin to their payment systems. The large nominal value in each transaction is also a trigger.

[taratorly]

A large majority of crypto investors are considering buying a car if they earn money on this activity. This may be the cause of the adaptation.