A Nevada-based luxury car dealership has seen a steady increase in Bitcoin (BTC) payments. This is indicative of the ongoing bull market, during which more and more investors are converting their investments into high-end sports cars. Bitcoiners are buying luxury cars The Vegas Auto Gallery car dealership, whose inventory includes makes and models from Aston Martin, Bentley, Ferrari and Lamborghini, recently sold two high-end sports cars to customers who paid more than $6 million in BTC. As reported by the Wall Street Journal, Nick Dossa, the owner of the company, says that about 3 to 5% of the dealership's revenue comes specifically from bitcoin transactions. The dealership does not accept bitcoin payments directly, but through third-party payment processor BitPay. BitPay settles BTC in U.S. dollars as soon as it is received. In the case of Vegas Auto Gallery, a 1% commission is applied to all Bitcoin purchases, which is equivalent to BitPay's transaction fee. Dossa told the Journal that his dealership does not face any additional risk by accepting payments in Bitcoins. "It's a very easy transaction," he stated. While Bitcoin has been criticized for lacking proper payment channels, BitPay has hundreds of thousands of merchants around the world on board, giving investors multiple ways to spend their funds. Lamborghini - is it the symbol of a true Bitcoiner? Lamborghini became the ultimate bitcoiner symbol during the bull market of 2017. Recent transactions at Vegas Auto Gallery suggest that after the recent price increase, wealthy bitcoiners have already started spending their cryptocurrencies, Bitcoin has returned to record levels. Currently, we have to pay $29,000 for one coin. Last week, the cryptocurrency market capitalization exceeded $500 billion for the first time in history. You can always check the current exchange rate of bitcoin and other cryptocurrencies in the tabs: bitcoin exchange rate and cryptocurrency exchange rate on the website bitcoin.pl. Places where you can buy BTC and other coins include the BitBay.net cryptocurrency exchange. If you don't have an account on BitBay yet, this article will show you how you can create one efficiently: LINK. Tags bitcoin btc Car
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