Crazy For Porsche? Now You Can Buy It Through Crypto Payment In USA

Porsche Towson, a US based Porsche dealer, has started accepting crypto payments in bitcoin, ethereum, shiba inu etc for their cars.

Vanya GautamUpdated: Apr 21, 2022, 14:54 IST
3 min read
porsche showroom
shutterstock

BitPay, a bitcoin payment service provider has announced that Porsche Towson, a US-based Porsche dealer, has started accepting crypto payments for their cars. Cryptocurrencies such as Bitcoin, Ethereum, Shiba Inu etc. can be used for buying Porsche cars from the dealer.

In a tweet couple of days back, the bitcoin payment service provider Bitpay said ¡°Turn your #crypto into precious metal at Porsche Towson. Now accepting Crypto as payment for vehicle purchases.¡±

Porsche crypto payment shutterstock

Also Read: Lamborghini To Launch 'Out Of The World' Space-themed NFTs

More About BitPay & The Porsche Dealer

porsche shutterstock

Also Read: 24YO Woman Loses $300,000 Inheritance Money After Falling For A Crypto Romance Scam On A Dating App

The BitPay enabled dealer Porsche Towson will accept cryptocurrencies as payment through their API services designed to make processing crypto payments easier, as per the Nasdaq report

BitPay¡¯s tool shields businesses from eventual volatility in the bitcoin price by guaranteeing the merchants receive the full corresponding dollar amount at the time of purchase.

Porsche Towson customers, who were reportedly already accustomed to traditional forms of financing, leasing, trade-ins and other well-established forms of car purchases, now have the ability to buy luxury vehicles as well, with bitcoin and other cryptocurrencies.

For the uninitiated, Bitpay is an enterprise-grade cryptocurrency payment system that allows businesses to accept cryptocurrencies like bitcoin by taking the stress away from business owners with a seamless application programming interface (API). With this tool, businesses can utilize cryptocurrencies like bitcoin for recurring billing or one-time payments.

It also attempts to shield its users from any volatility that may occur with the pricing of bitcoin. Every dollar a business charges for a product or service is paid out to the merchant based on the time of purchase, minus the 1% transaction fee charged by BitPay.

And the Porsche dealer Porsche Towson offers new, certified pre-owned, and leasing options across their US locations of Maryland and Pennsylvania.

For the latest and interesting financial news, keep reading Indiatimes Worth. Click here.

22/11/2024 5:48:4
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