Along with the recent rise in the use of cryptocurrencies and the US SEC gearing up to provide a verdict on multiple Bitcoin ETFs, here we have a luxury brand opting to transactions using Bitcoin.
A Rolls-Royce dealership, Post Oak Motors, in Houston, Texas is now accepting Bitcoin and Bitcoin cash in exchange for the vehicle.
Although this is not the first time that this has been done by an automobile company Earlier this year, a California dealership began accepting Bitcoin for Bugatti Chiron and Pagani Huayra purchases. But it is great to see that bitcoins is now one step closer to becoming a legitimate means to purchase goods. This, again should contribute to investor confidence.
Any chance we are gonna see other luxury brands follow the same tracks?
This news is most likely not to bring any impact on the market and also not cheer the investors. Obviously the brand value is there but how many people will be buying Rolls Royce using bitcoin?? Probably 1 in the next 5 years or so!!! What impact it will bring??
What we need to see is that Wal-Mart accepting bitcoin. Then only we will see that bitcoin is being used as a currency. Rolls Royce or Lamborghini or Ferrari accepting bitcoin won't help the market in any way. We need Wal-Mart, MacDonald and Spencer's to accept it to see a real change!