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

[Yaunfitda]

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.

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[Oshosondy]

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.

[Jating]

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.

I agree that the rate of adoption has increased in the last 5 years or so, $40 million? Only a few can afford this so I don't see it as adoption though. What we need is more online merchants started to accept bitcoin as one of their payment scheme instead of some big companies like Aviatrade testing their hands on crypto.

And usually those kind of people who have $40 million worth of bitcoin today won't simply or are not going to let go of their precious bitcoins. They might buy it in fiat equivalent and then just hold because the potential that bitcoin can hit all time high next year is high, wealth preservation or wealth appreciation for wise whales.

[Poker Player]

Yeah, well, good news but we need more companies that charge $1-$100 for goods or services to accept bitcoin directly (not through credit cards that convert bitcoin to fiat, bitrefill, etc).

[avikz]

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.

[Upgrade00]

<snjp>

The headline of the article caught my eye while I was reading and it could be a factor why Bitcoin is a good payment option.
It read; "This $40 million Gulfstream private jet can be bought using bitcoin as aircraft sales firms attempt to lure international buyers – take a look inside"
I am not an expert, but I assume selling a property like an aircraft would be quite complicated, especially when dealing with international buyers.

The current global situation presents another problem; Travel restrictions are in place in many countries, so both parties cannot send a representative and transactions would most likely be made digitally. Many countries are also going through crisis with massive inflation in both large and emerging economies. The conversion rate to a foreign currency may not be favourable for buyers

Rather than converting back and forth between currencies, Bitcoin could offer a solution to international clients who would be interested in making a purchase.

[glowing10]

Just by enabling the btc as a payment mode they have created the buzz in the market for themself about the jet and for the bitcoin. This is going to be the big news in that country and also we can see it will be much talked event since here millions of $we are talking about the transaction to happen once this deal gets finalised and hopefully if the buyer can use btc much better.

[leeboy]

And how many of people in crypto have enough money for this?

[Lucius]

I don't see anything unusual in anyone nowadays offers the option of paying with Bitcoin - because most sellers use payment processors that pay them the equivalent in fiat. In other words, the seller will never come into real contact with Bitcoin, will not have to have a crypto wallet and worry about security - the money will go directly to his bank account.

~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.

[yazher]

Now, this is some unique news right here and you won't hear something like this every day. they're really up to something with bitcoin because accepting it for a private jet like this means a lot for the market and for the industry of crypto since this is not a joke and come from a trusted source. it will boost the trust and hope of the investors who currently holding it. By the way is there any source we can see if how they will gonna make the deal with this offer?

[Vatimins]

     It would be nice if it were "ONLY BUYABLE" with crypto currencies. But that would be irrational lol. Seriously though, it would be a better idea to out it in bidding and the only accepted bids would be crypto currencies. I can only imagine how fun it would be and how many silent whales would reveal themselves just to get a hold of this aircraft. Stil though, I think there would be ay least a few whales who would be interested in this aircraft.

[btc_angela]

Just by enabling the btc as a payment mode they have created the buzz in the market for themself about the jet and for the bitcoin. This is going to be the big news in that country and also we can see it will be much talked event since here millions of $we are talking about the transaction to happen once this deal gets finalised and hopefully if the buyer can use btc much better.

Right, it created a buzz just like this news, 10 Car Companies That Accept Bitcoin. So it will be really nice is someone really take a bite out of this offer as made payment thru bitcoin, (as far as I understand the company mentioned crypto, so it means alt coins as well). So it will really crypto a lot of positive news for bitcoin if this happens.

[plvbob0070]

This is really interesting tho. The article says that they are accepting bitcoin to attract international buyers which means that they have a good view of bitcoin. Big holders might really find it interesting and might actually buy it, but even if a future buyer wouldn't use BTC, it's still fine because we are seeing that more sellers are opening for bitcoin payment which is good. We will probably see more opportunities like this in the future.

[stompix]

There are people for whom this is not a large amount (around 385 BTC),

It's 3850BTC so that would restrict the userlist a bit.
But I highly doubt that the guys who have this many coins and haven't spent it yet were waiting for a company to sell a private jet for BTC before buying one if they really wanted one.

The headline of the article caught my eye while I was reading and it could be a factor why Bitcoin is a good payment option.
It read; "This $40 million Gulfstream private jet can be bought using bitcoin as aircraft sales firms attempt to lure international buyers – take a look inside"
I am not an expert, but I assume selling a property like an aircraft would be quite complicated, especially when dealing with international buyers.

More like they are trying to sell an aircraft nobody wants and they have found a way to advertise it pretty cheap, I doubt they even thought it's possible to sell it for bitcoins, but thanks to that now their add is splashed on a hundred newspapers all over the world.

Btw, there is also a 40mil yacht you could buy with BTC

[Lucius]

It's 3850BTC so that would restrict the userlist a bit.

What a mistake, just one zero and I'm as short as 90% - it would be nice to buy a plane for only $4 million - assuming it's still able to fly

Btw, there is also a 40mil yacht you could buy with BTC

I think we will soon need a list of "everything that can be bought for $40 million and be paid with BTC". I was wondering if there is any house that is worth that much and is being sold for BTC, but I was not successful in my search - except that I found that for that price someone had managed to sell a luxury villa in Selling Sunset (Netflix reality show).

[stompix]

It's 3850BTC so that would restrict the userlist a bit.

What a mistake, just one zero and I'm as short as 90% - it would be nice to buy a plane for only $4 million - assuming it's still able to fly

You can buy one for 5BTC, it even has some features the Gulfstream doesn't, like a parachute  , or you can wait a few more years till it will cost indeed 400 BTC.
As for houses, there was one priced at 45 millions but god is that an ugly house.  Lots of offers in the 1-10 mils range, so, happy shopping!  

I think we will soon need a list of "everything that can be bought for $40 million and be paid with BTC".

I can't wait for the moment when we can say "everything that is worth more than 40 million $ can be bought with BTC"

[fiulpro]

I do believe that if a person has 40 million $ worth Bitcoins and they haven't sold them yet then I think they won't. At the same time I believe that if a person wants to make a deal in 40 million , it would be difficult to actually convert all this in dollar or even BTC.

(I don't think someone is going to buy this using bitcoins , the only way it is going to be sold is if some millionaire decides to buy this and has a lot of cash or money in the account.)

BTC is transparent , isn't 40 million a bit too much to be transferred over BTC ?? What am more concerned about is the Price change that might make those 40 million go up and down soon after the exchange.

I do believe this is a risky thing to do or maybe the seller is even desperate to sell this.

This can even be used to track some big bitcoin whale 🐳 therefore I think those people will be super careful while making a trade like this .

Do you guys think it is a good idea to actually purchase something this big in bitcoins ? For the seller and for the user too ?

[Upgrade00]

More like they are trying to sell an aircraft nobody wants and they have found a way to advertise it pretty cheap, I doubt they even thought it's possible to sell it for bitcoins, but thanks to that now their add is splashed on a hundred newspapers all over the world.

That's a huge possibility, considering the affiliation to Bitcoin and names like Elon Musk and Jeff Bezos. The use of such key words is sure to get their sale lots of visibility. I don't really have a problem with it though, smart marketing is an important part of business, as long as they actually create an option to allow Bitcoin payments.

BTC is transparent , isn't 40 million a bit too much to be transferred over BTC ?? What am more concerned about is the Price change that might make those 40 million go up and down soon after the exchange.

OTC trades would be used to prevent any price changes in the general market. Trades of similar value has been made in Bitcoin over the last few months with little or no impact.

Do you guys think it is a good idea to actually purchase something this big in bitcoins ? For the seller and for the user too ?

It depends on how private someone wants their asset portfolio to be. If you have $40 million in bitcoin, such an individual is known to be wealthy, whether or not they would want it to be public knowledge that they own Bitcoin is a personal decision.

[sheenshane]

Do you guys think it is a good idea to actually purchase something this big in bitcoins ? For the seller and for the user too ?

If both parties are the same crypto enthusiasts the buyer and the seller, why not. Both of them should know how Bitcoin transaction works and what is the safe wallet to keep their Bitcoin. This scenario is very common, buying a car, house, and this aircraft using Bitcoin with thousands of bucks in equivalent. These sare both risky to them, either there's someone who will have shenanigans move during meetups for the payment method. You might be scammed or steal your Bitcoin and forcibly get by them.

From time top time, big transactions like this that buying property might be commonly practiced by those businessmen who always a huge transaction and using Bitcoin with having transparent transactions is the best choice as long as both of them pay taxes.

[Emitdama]

Imagine that someone should buy this Gulfstream using Bitcoin, it’s really going to go viral and the media is going to spread it. Will be a good thing because it will help to increase the rate of adoption for bitcoin. So it’s going to be a good news, and I can’t wait to see that happen.

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.

Yeah, sure it has become a normal thing this time around, I can remember back then when Bitcoin was still new the kind of excitement we get from news like this about Bitcoin being accepted for a product. I can remember the one of the guy that bought pizza using Bitcoin how it went viral to the extent that the crypto community is always celebrating it every time.