One of the world’s largest collector car auction company, Mecum Auctions, has announced that it now accepts payments in Bitcoin and other major digital currencies from bidders during online auction events.
You Can Bid on Collector Cars With Cryptocurrency
Per the announcement, the company will accept bids in about ten cryptocurrencies including Bitcoin (BTC), Dogecoin (DOGE), Bitcoin Cash (BCH), Ethereum (ETH), and stablecoins such as USD Coin (USDC), Binance USD, and others.
This is made possible following Mecum Auctions’ partnership with one of the industry-leading crypto payment processors, BitPay. The development today will enable bidders to experience the “convenience of an end-to-end digital experience”, according to Mecum.
Additionally, the company believes its crypto payment service will enable them to attract new customers and sales, as it opens doors to new massive crypto marketplace.
We recognize the growing acceptance of cryptocurrency for commerce and are confident that by accepting crypto for collector cars, it will widen our scope of influence and introduce the Mecum Experience to an entirely new audience.
Sam Murtaugh, Chief Operating Officer at Mecum Auctions [source]
Aussies Can Buy Cars With Bitcoin
Mecum is not the first company to accept Bitcoin payments for purchasing cars. Only a few weeks ago, Crypto News Australia reported that CarBuyers.com.au is allowing Australians to buy and sell their vehicles using Bitcoin.
Tesla also previously allowed people Bitcoin payments for its products. Not until May 12, when the founder Elon Musk tweeted that the company will no longer accept payments in Bitcoin due to environmental concerns. The announcement preceded the massive drop in the price of the cryptocurrency, as people began to panic-sell their coins.
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